The alt season with thousands of coins inflated is likely to be a thing of the past!
For those who have been looking forward to the collective inflation of altcoins, they may be disappointed.
The market structure has changed. ETFs mainly focus on Bitcoin and Ethereum, and pay less attention to other altcoins; a large number of new coins are launched on exchanges every week, which disperses funds on the market and reduces attention to altcoins; the emergence of new coins has led to the emergence of a large number of hair-pulling studios, and investors and speculators are harvesting in the secondary market, and participants in the secondary market often become "leeks" who are trapped; in the current currency circle, the inflow of off-site funds is limited, while the game of funds on the market is fierce. The emergence of new coins has led to limited allocation of funds, and other altcoins are likely to be ignored.
In summary, the overall rise of the alt season is basically unlikely to occur again. Only some local high-quality altcoins may experience a surge, and Meme coins may experience a crazy market.
Genduo Information Follow Xiao Miao Zhuye~
