The performance of altcoins has been similar recently. Except for the meme sector, it is very difficult to make money with other altcoins, and most of them are falling, and the probability of falling is far greater than that of rising.
Today, I took a special look at various IDO, launchpad, and LBP new projects in the past few months, and found that almost all new altcoins are monotonically falling, which is surprisingly consistent.
On the contrary, even if the market falls, the meme sector will rebound from time to time. Some memes are even like "dying and living, living and dying", one wave after another.
In the current market, a good meme project, even if it is not listed on top CEX such as Binance, as long as it has some concepts - such as cute pet themes such as cats, dogs, and frogs - can run out of the market of sector rotation. Moreover, the ceiling of the meme track is really frighteningly high. Many meme coins that have only been born for a few months can reach the sky in market value, such as $wif with a market value of 2.3 billion, $popcat with 1.1 billion, $brett with 830 million, $neiro with 700 million, and $spx with 600 million.
In general, in the current market, only memes and contracts can be played. All those serious new projects or traditional projects in the secondary market are basically losing money. Don't bother with them!
