#Altcoinseason2024 Why is it difficult for ALTcoin to rise.
Recently it has been very difficult for altcoins to rise, apart from the price factor #bitcoin☀️ it is experiencing a decline but that is not the real factor. The decline experienced by altcoins is an effect of market conditions and producers.
Where #Altcoinseason2024 there are more types and numbers, while demand is decreasing. The development of existing altcoins is hampered by the types and number of altcoins that continue to increase and easily enter the crypto market.
If so, it can again be concluded from the trade effect, where if there is a lot of demand and little supply, the price will rise. However, the current situation for Altcoins is that there is little demand and a lot of supply, making it difficult for prices to rise.
