The reason why altcoins are half-dead can be summed up in seven words: "no money, no momentum, no confidence"
Recently, there are too many new coins launched, two a day, and the market value of the new coins is high, and the number of tokens unlocked is large. The funds in the market are limited, and the dealers do not have unlimited bullets.
The rise in U.S. Treasury yields has attracted a large amount of funds to flow into the U.S. bond market, resulting in capital outflows from the cryptocurrency market.
Funds are withdrawn from the higher-risk altcoin market and invested in markets with better performance, such as U.S. stocks. This redistribution of funds will lead to a decrease in liquidity in the altcoin market.
Most project parties have no pattern, and they sell them as soon as they go online, basically without supporting the market. When the old coins disappear, they are directly replaced by new coins that are launched and pulled up directly.
There is a lack of favorable policy news in the market.
Retail investors are either trapped or waiting and watching, lacking the confidence to enter the market.
The bull market is still there. If you don't know how to layout, you can find me through the pinned article. I am willing to share my experience and strategy with you, just for like-minded people! Let's get rich together!!
