Why have altcoins dropped so badly?
When Bitcoin rises, altcoins also catch fire, and many people buy in, but those "whales" just keep selling, continuously offloading their assets! As a result, when you look back, many altcoins haven't risen as much as Bitcoin!
Why is that? The whales hold too many tokens; they only sell and don't buy, how can the price rise! The same happens when it drops, they only sell and don't support the market. If you want to buy the dip, they keep dumping!
In the past, it was not easy to launch coins. The market makers were particularly concerned about the distribution and concentration of tokens, and they had to control the market; the exchanges also had strict requirements. Now, it's much easier; just in one month, Binance has listed USUAL, PENGU, CAT, VANA, ME, MOVE, ORCA, ACX, THE!
Launching coins is too easy now; the whales only care about selling. If a project fails, they just change the PPT and continue to deceive the next one! With USDT and resources, launching coins is as simple as drinking water! The exchanges don't care; if they were stricter and required project parties to support the market, it wouldn't be like this!
Everything is due to indulgence, the result of neglect! That's why altcoins have dropped so badly!
In the next strategic direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with great potential. Expecting a space of over 10 times isn't a problem at all. If you want to make a lot of money in a bull market, like and leave a message, and I'll take you to layout the entire bull market!
