Is there a possibility that the altcoin season will not come this year!!!
In other words, there is no so-called 100x coin...
At present, most retail investors have lost confidence. Whether it is publishing market analysis or project evaluation, it will attract criticism and opposition. There are even fewer discussions on related topics.
However, the market is quietly undergoing a new round of market reorganization. The proportion of Bitcoin market value to altcoins is currently close to the suppression line again on the monthly line. After the last bull market reached this line, altcoins experienced a big market. Therefore, the probability of a market happening between July and November is very high.
The current price of high-quality altcoins is the bottom range from the future. Ethereum's ETF funds have not yet entered the market, and market confidence still exists.
The worst plan:
1. If the market continues to fall indefinitely in the second half of this year and the first quarter of next year, give up decisively!
2. If the main force is no longer willing to leave any profit to retail investors, there is nothing to say, let the dealer accompany their Bitcoin and Ethereum forever.
However, I always believe that the stage of continuous downturn often breeds opportunities. The emotions of retail investors and the state of the market will not deceive people.
If we look at it from the perspective of funds, we should still be in a bull market. After all, there are still positives for ETH, the BTC ecosystem, depin, etc. have just started. With so much money going in, there must be some development.
But from a technical perspective, the current on-chain and off-chain are still completely isolated. For example, for so many years, chain games have been tossed by on-chain players. How many off-chain players can be attracted?
In addition, there are so many L2s, each with a valuation of hundreds of millions. What's the use? Do we really need so many L2s? Before the coin was issued, it looked like a false prosperity. How many real users were there after the coin was issued? Base may be an exception.
For the development of blockchain in the future, it will always have to absorb new users off-chain, and no one knows what form it will develop in.
Recently, I saw that Galaxy said it plans to make an abstract chain. Although it is also a concept from the past few years, it may also be a direction.
Finally, the current environment is very bad, there are too many projects, and there is a stock market. It is impossible to support so many VCs. Personally, I think that less VCs should be given. Try new assets and new tracks more often, you may find surprises.
