Why are the altcoins in the market now like dead? There are mainly the following reasons:

There are too many new coins listed on the exchange, and the review is not strict. In the past three days, new coins such as ZK, ZRO, IO, and lista have been launched in succession. The market value of these new coins is too high, false propaganda is serious, and the number of tokens unlocked is huge.

The market liquidity is insufficient, the number of altcoins is too large, and the altcoins in the primary and secondary markets are seriously sucking blood. After the ETF is passed, funds slowly flow into BTC and ETH, resulting in insufficient liquidity for altcoins.

Most project parties have no long-term plans, and they sell them as soon as they go online, and basically do not protect the market. After the old coins disappear, they directly replace the new coins and continue to harvest.

The market lacks hype hotspots, and it falls at the slightest disturbance. Value coins and fans do not take over each other. Now it is difficult to hoard coins in the market, and long-term investment directly returns to zero.

The only hope for the market at present is that institutions work together to pull the market, Ethereum ETF passes the transaction, liquidity increases, the war subsides, interest rates are cut, and the presidential election! #BTC☀ #ETH🔥🔥🔥🔥 $IO $ZRO