Why #Altcoins Aren't Rising in the Current Market
The last time we saw a significant rise in the altcoin market was around one year to six months ago.
Up until that point, altcoins were rising alongside Bitcoin.
However, there hasn't been much movement in altcoins lately.
Itâs not the same as in 2017 or 2020.
I believe the reason for this is that the #trend has shifted from Bitcoin to #meme coins.
In the past, people bought #altcoins by observing Bitcoinâs rise and dominance.
Now, people focus on meme coins through #Telegram and try to get airdrops.
People chase after meme coins because they see potential profit in them, buying in and doing airdrop activities to earn money.
As a result, a lot of capital is tied up in meme coins.
With so much money being funneled into meme coins, many of which donât even have real projects behind them, the altcoin bull run is being delayed.
The era of "meme coins = airdrops" is over.
Anyone can create them now, and the dream of getting rich off them is no longer realistic.
Even if airdrops happen, itâs the early investors who make money.
If youâre investing or participating in airdrops based on rumors now, youâre already late to the game.
I believe meme coins will remain niche, and until a new trend emerges, Bitcoin and altcoins with real projects will be the ones to rise.
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