Why are the mainstream not pulling the market, and some low-market-cap altcoins and MEMEs are making a fuss?
1. The impact of the Fed's interest rate cut: Although the interest rate cut may bring in capital inflows, these funds have not yet entered the crypto market. Mainstream coins require a larger scale of funds to drive prices up, so their performance is relatively weak. This has caused retail investors to turn to looking for higher return opportunities, and then pay attention to low-market-cap coins.
2. Insufficient liquidity: Pulling the market usually requires the support of the follow-up plate, so as to increase the cost price of retail investors through market turnover, and ultimately achieve the purpose of shipment. If there is a lack of follow-up plates, pulling the market may become an opportunity for other retail investors to get out of the trap, resulting in a decline in market activity.
3. Characteristics of low-market-cap coins: Low-market-cap altcoins and MEME coins are easily manipulated by the market due to their strong speculation and low circulation, and have become the main driving force for short-term fluctuations. In recent days, the fan sector has risen almost across the board, because these targets have experienced nearly half a year of wash-out, and the chips in the market have been greatly reduced.
4. In view of these factors, it is recommended to pay attention to some low-market-cap altcoins and consider investing a small amount of money in order to obtain greater returns.