YOU'LL REGRET HAVING HIGH EXPECTATIONS FROM OLD ALTCOINS IN THIS CYCLE
If you think that the old coins which performed exceptionally well in the previous cycle will do a 100X or more this time as well, then you need to have a reality check if you don't want to end up with pennies.
In this high evolving space with new tech and innovation, the race for sustainability is really a tough one especially hoping that old altcoins will maintain their position with a growing mkt cap with ease. The reasons behind are not that difficult to understand.
Let's go through some of them:
◽New Narratives
The narrative sphere has grown stronger with newer ones like RWA, AI, Tap to earn in gaming & etc and has flooded the market with better options as ROI for such coins is much higher compared to the older Alts. They are undervalued and have high potential.
◽More Competition
More narratives bring more coins and thus bring more competition. As a result the liquidity gets more distributed and new undervalued alts get a healthy share of that distribution and we've seen that at the start of this year when the market was in uptrend.
◽Dying Trends or Coins
Narratives that were trending in the previous cycle e.g. metaverse ain't gaining much investor interest in this cycle, although still considered. On the other hand coins such as Ada, Matic won't fetch you 100X either.
◽No Progress or Upgradation
Apart from a few, most Alts in the top 50 that outperformed many others have been doing nothing in terms of development. As I mentioned in this ever evolving space if you're not ahead of your peers you'll end up nowhere. How could you expect a huge rise in such coins with an uncertain future?
Lastly I'd say the reliable ones, they'll give you a decent return on investment (ROI), could do a 3x or more from this stage, but first you need to ask yourself "Are you here for a 400-500% gain at the peak of the cycle while others making millions with just $5-10K or even less?"
Think about it.