The altcoin market is caught in a zero-sum game of players fighting each other. The market value of Bitcoin has doubled, but the total market value of altcoins has not yet broken through the previous historical high. The funds within the market rotate between different altcoins, but there is little new capital injection. In such an environment, only a few altcoins with strong application scenarios and narratives are expected to survive.

The wave of lifting of restrictions continues, and the unlocking of tokens of low-circulation and high-FDV projects has led to heavy selling pressure;

On the supply side, due to the improvement of industry infrastructure and the lowering of the threshold for entrepreneurship, new projects are over-issued;

On the demand side, due to the lack of attractive new business models, most tracks are difficult to achieve product-market matching, and the demand for altcoins is insufficient.

What can be determined at present is that as long as capital flows in, BTC will continue to be in a bull market cycle, and the altcoin season only belongs to some tokens#晒交易赢奖励 #美国非农数据即将公布 #加密市场回调