Why haven’t there been any altcoins that have grown dozens of times in this bull market? ? ?
Mainly due to the combined effect of many factors such as market environment, fund distribution and project issuance methods.
Compared with previous bull markets, the current market environment has changed significantly.
The gains in the market and mainstream currencies such as Bitcoin and Ethereum have been considerable.
This has absorbed a large amount of funds in the market to a certain extent.
In the case of altcoins diversion of market funds,
It is difficult to obtain sufficient financial support to realize a significant increase.
The market value of newly issued altcoins is huge, often reaching billions of dollars at the outset.
Such a high market capitalization starting point makes it difficult for these currencies to achieve substantial growth.
The frequent issuance of new coins also distracts investors' attention, making it difficult for a single altcoin to attract enough attention and funds.
Others tend to choose more prudent investment strategies.
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Funds tend to be more cautious and unwilling to rush into the altcoin market easily. This also limits the altcoin’s gains.
This period is a good time to consider layout!
While the market is facing rising resistance, a new round of altcoins is about to break out.
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