Why are altcoins struggling so much in this cycle?

Indeed, many altcoins are still hovering at the bottom of the bear market in this cycle, and their performance is disappointing. The rise of altcoins seems like a distant dream. What are the reasons?

1. Ethereum's inability to rise

• As the 'big brother' of altcoins, Ethereum has yet to make a strong breakthrough.

• ETH's weakness directly affects investor confidence in altcoins, and traders are waiting for Ethereum to send a signal before making significant moves.

2. Traders are patiently waiting

• High cost of manipulation: In the current market conditions, the cost and risk of driving prices up are high, and traders are reluctant to act lightly.

• Focus on major assets: More funds are flowing towards Bitcoin and mainstream coins, leaving altcoins without sufficient liquidity support.

3. Market sentiment is weak

• The 'all coins flying' phenomenon from the altcoin seasons of 2017 and 2021 remains fresh in investors' minds, but this cycle has yet to generate similar fervor.

• Vitalik is obsessed with 'gossip': The market is more inclined to mock, and Ethereum's lack of innovative drive has exacerbated this sentiment.

Future Outlook

Patience is key. As soon as ETH makes a strong breakthrough, these altcoins hovering at the bottom are likely to experience a long-awaited surge. For traders, they always quietly position themselves at the most desperate bottoms, while retail investors should not exit easily. After all, patience is also a form of wealth!