Why are the copycats in the market now as if they are dead? The main reasons are these:
1. There are too many new coins listed on the exchange, and the review of new coins is not strict. In the past three days, multiple new coins have been listed, including ZK, ZRO, IO, and LISTA. The market value of the new coins listed is too high, the false propaganda is serious, and the number of tokens unlocked is huge.
2. Market liquidity is insufficient, there are too many copycats, first- and second-level copycats are seriously sucking blood, ETF funds slowly flow into BTC and ETH, and copycats have insufficient liquidity.
3. Most projects have no structure. They just sell them when they go online. They basically don’t protect the market. When the old coins disappear, they directly exchange them for new coins and continue to harvest.
4. The market speculation has disappeared, and prices will fall at the slightest sign of trouble. Value coins and fans do not accept each other. Now it is difficult for the market to collect coins, and the long-term value will directly return to zero.
The only hope for the market is that institutions work together to pull the market, the Ethereum ETF passes transactions, liquidity increases, the war ends, interest rates are cut, and the presidential election is held!