Altcoins are still sucking blood
Because the mainstream bottom keeps rising, for the referents
are more willing to invest in ETH and BTC
Consensus around BTC is getting stronger near 100,000, with bottom support getting higher
It's not that the market lacks capital; it's just that everyone prefers to invest in the mainstream.
Many altcoins have risen only 2-3 times, while others have risen more than 10 times.
For altcoins at high positions, will you choose mainstream or altcoins?
Everything that should have moved has moved; what shouldn't remain will be eliminated.
Even in a bull market, there are only a few tokens that continue; without strength and narrative background, they will still drop later. Don't have a complacent mindset.
Currently, altcoins are indeed a bit weak, but I believe some concepts still
have sustainable space, like LSD DeFi.
Altcoins are not over, but the tokens you hold may have ended this round. Persistence will help you pick out more quality tokens waiting for you at the core!