The recent market trends are indeed exhilarating, with Bitcoin's performance being remarkable. Just on the 29th, it was just a step away from the highest point of the last bull market, only missing a little over 100 dollars.
It should be noted that at such a high price level, Bitcoin can achieve a nearly 6% increase within a single day, a performance that is enough to make investors feel satisfied. However, surprisingly, the market did not show the collective celebration that was imagined. The reason is that many retail investors do not hold Bitcoin, and this bull market seems unrelated to them.
As a result, everyone's attention has begun to focus on the next hot topic: when will the altcoin season arrive? However, in Sen Ge's view, the altcoin season? It may never come again. Next, Sen Ge will elaborate on the reasons for this extreme viewpoint from the following 8 aspects:
1: Don't think that after Bitcoin's price surges, the altcoin season will naturally explode. Things in the world are not all self-evident. Bitcoin and altcoins are completely two different existences, and there is no necessary connection between them.
They are fundamentally different in essence, value, market positioning, etc., and cannot be simply inferred based on Bitcoin's market trends.
2: The desire for the altcoin season is essentially driven by two psychological factors. Either because they are trapped in altcoins and hope to break free; or they do not hold Bitcoin and are trying to gamble during the altcoin season.
However, this old method of carving a boat to seek a sword no longer works, as the underlying logic and ecological environment of the cryptocurrency market have undergone profound changes. The rules that used to apply have lost their effectiveness in the new market environment.
3: Analyzing from a macro perspective, large funds will not favor altcoins. The market depth of altcoins is limited and cannot support the inflow and outflow of large funds. Large funds seek a 'reservoir' with sufficient depth to freely enter and exit the market while also obtaining considerable returns.
Look at this round of market trends, how many altcoins have risen more than Bitcoin? Very few. This fully illustrates that altcoins hold no appeal in the eyes of large investors.
4: From a micro perspective, retail investors are now more inclined to participate in lower market cap, higher odds 'dog coins'. In this round of market trends, altcoins have not taken off, and the enthusiasm for venture coins has also faded, while $MEME coins are thriving.
Look at the coins recently listed on exchanges, and you will know where the current hot spots are. Although the market cap of altcoins is high, the landscape is too small, often pulling prices while offloading, which deters investors. Who still dares to participate easily?
5: In the past, people played with altcoins because there were limited choices at the time. However, the market has now shifted from a seller's market to a buyer's market, and the advantages of altcoins have long since disappeared. Faced with many emerging cryptocurrencies and more attractive investment opportunities, altcoins appear dull.
6: Altcoins have a fatal weakness, which is their long issuance time. No matter which track you are the so-called 'leader' of, a prolonged issuance time has become your shackle.
To put it bluntly, the concept of altcoins is already severely outdated. If you still claim to be a leader in DeFi, NFTs, or GameFi, it will only make people laugh.
Times are progressing, and market trends have shifted; those outdated concepts can no longer attract investors.
7: The problems arising from a long issuance time are multifaceted. First, it leads to a dispersal of chips, making control much more difficult. At the same time, it also means that there are a large number of trapped positions in the market, with varying interests.
Project teams are reluctant to pump prices easily because once they do, profit takers will rush to cash out, and continuing to pump may lead to trapped positions being released, which could result in losses for the project team.
This is why altcoins often rise for a wave and then become sluggish. As long as this underlying logic and ecological environment do not change, the altcoin season will never arrive.
To summarize, what is known as altcoins is merely a batch of relatively endorsed, seemingly more formal conceptual coins that emerged during the special period when ICOs were just rising and the cryptocurrency market was overall in a wild and unregulated state.
It is a product of that specific era, just like the situation in 2019 - 2020, when the entire cryptocurrency space was highly integrated with funding schemes; both are phenomena of specific historical stages.
Now, if one still stubbornly clings to the concept of altcoins, it is essentially no different from those who are still hoping that Plustoken can reopen its network, or those who still believe they can get rich overnight through micro-business models.
That era has passed and can never return. We must admit that if we still cling to illusions, we can only become victims of the times.
Do not deceive yourself into thinking: after Bitcoin breaks a new high, the altcoin season will explode; after Ethereum breaks 4000, the altcoin season will explode;
Or after other similar situations occur, the altcoin season will arrive. Look at how Bitcoin has quadrupled from the bottom until now, but how many altcoins can keep up with this wave?
Sen Ge has always spoken frankly, hoping everyone can wake up; the altcoin season will never come again.
8: Finally, from the perspective of the project team, rather than spending money to pump altcoins, it is better to start a new altcoin project.
In this way, with the same investment, you can control chips in two projects; isn't that more cost-effective?
Moreover, if you closely follow the current trend and use the funds for pumping to incubate meme coins, the number of new coins that can be created may be even more, and the returns may also be more considerable.
If you cannot filter strong coins, then I suggest you follow me. Whether it's spot trading or with ease, a slight move may be your limit; the opportunity is short, so be sure to grasp it!
Success is not based on luck; choice is greater than effort; circles determine fate. In the cryptocurrency world, besides having a keen eye for timing, you also need to be part of a good team and have a good leader. Following me means you are already halfway to success in the crypto space.$BOME $NEIRO #meme板块关注热点 #WIF王者归来 #Doge🚀🚀🚀 #PEEPE
