#If you really want to seize the opportunity to change your destiny this time, please read to the end#
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Scanned the market again last night to filter coins
Looking back at the past, the glory is gone
Key points‼ ️
Everyone should stay away from community dead coins and coins with low circulation
Now is the stage of a true zero-sum game
The part you earn must be made by more people who lose money to take over your business
The cryptocurrency world has completely deviated from the past era when you could make money by just buying coins
None of the new coins listed on Binance in 24 years outperformed BTC
It has never happened in the past
A large number of coins are produced at zero cost, and then they are priced at a high valuation. 10% of the coins are issued for circulation, and then they are slowly cashed out. Who cashes them out?
In the past 24 years, the total number of new coins listed on the exchange is 103 projects. The listing of tokens on Bi'an is coming to an end. This is different from the past.
A junk coin with no technology at all. In the end, because of the previous one (Bi'an), it rose for a period of time, and then began a long decline.
1. Market Background Review
In the bull market of 2021, the total market value of Bitcoin (BTC) reached an astonishing 1.2 trillion, followed by Ethereum (ETH), with a market value of about 550 billion. Stablecoins and altcoins also each accounted for a large share, with the altcoin market reaching a market value of 930 billion.
Compared with now in October 2024, according to incomplete statistics, the total market value of the altcoins is close to 500 billion, and the daily inflation rate of some coins is 1%.
For example, OP ARB WLD
2. Current Market Dilemma
However, as time goes by, the market situation has changed. Although the overall market value is 1 times smaller than that in 2021, the performance of the altcoin market is particularly embarrassing. Currently, the low circulation of listed coins and the extreme inflation caused by the massive unlocking coexist, which makes people confused in choosing. Overall, all altcoins lack liquidity.
3. Analysis of Market Status
MEME coin flooding: tens of thousands of new MEME coins emerge every day, making the market more complex and unpredictable
MEME coins in the SOL ecosystem: Taking SOL as an example, as many as 450,000 MEME coins have been produced on it. This number is shocking and has further exacerbated the market chaos.
IV. Investment Strategy Outlook
Importance of currency selection: In the current market environment, it is particularly important to choose the right currency. You need to carefully analyze the potential and risks of each project and avoid blindly following the trend.
Buying time: In addition to choosing the right currency, the timing of buying is also a key factor affecting returns. Pay attention to market trends in a timely manner, grasp the market rhythm, and avoid buying at high prices when the market is overheated.
Double the capital: While pursuing high odds, you need to pay attention to risk management. Only by controlling risks can you make profits in the market.
Summarize
Facing the current market, we need to remain calm and rational
While pursuing high returns, we must also pay attention to risk management and self-protection
Only in this way can we gain a foothold in the market and achieve success.
