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Will the super bull market of altcoins with hundreds of flowers blooming in full bloom explode in September?
Why did altcoins fall so deeply? The fundamental reason is that there are too many new products. Every month, a large number of altcoins are unlocked and new projects are launched, and market funds are dispersed among various projects, making it difficult to concentrate funds. In this case, the increase you expect is difficult to achieve. Especially for some old altcoins, such as LTC, ADA, XRP, etc., we can clearly see in the recent market that although the new products of the BN platform such as BB, REZ, IO, etc. still have some money-making effects, they have also fallen very rapidly. Risks and opportunities always coexist, and investors must be cautious.
There is no sign of stopping the decline in the current market, mainly due to insufficient liquidity and limited takeover orders. Many valuable targets have fallen below the previous lows, and the situation is indeed bleak. Therefore, don't bet on the market blindly, and don't think that prices will not fall again.
It is dangerous to think that something will happen at the current position. No one can accurately predict whether the market will continue to fall or rebound violently. This is entirely determined by the market. Judging from the strength of the rebound and the decline, this wave of Jinqu/njiawei: btc0877 fell quite rapidly and decisively, and there seems to be no follow-up. Therefore, we should pay more attention to Bitcoin or Ethereum and observe when the market can stabilize. This is our opportunity to reposition. Therefore, for spot holders, there is no need to sell at the current position, and wait patiently for the market to turn around.
