Back then, the altcoin market was "all flying together".

Can we still see this round? Let's take a look at the current market situation.

1. The number of altcoins hit a new high.

In May alone, 1 million new coins were created, which is twice the number of tokens on ETH from 2015 to 2023.

2. The proportion of altcoins/BTC

has been on a downward trend this year and is currently close to the lowest point of the bear market.

3. The overall narrative is relatively backward.

Specific narratives perform significantly better than other narratives, lacking killer application innovation.

4. The altcoin market as a whole has entered the PVP stage -

-23 Q4 general rise, 24 Q1 win more and lose less, 24 Q2 liquidity is extremely dispersed, with more losses and less wins.

To sum up: the market has no money,

the altcoins are too saturated and cannot be pulled up, the overall liquidity is relatively poor, and it may be more difficult than the bull market in 2020

Brothers, like + follow, I will continue to update market analysis, high-quality potential currencies, first-hand cutting-edge information, and share the stories of netizens to avoid you stepping into the pit$BTC $ETH $BB