Recently, the cryptocurrency world seems to be gradually falling into decline, and the following signs are particularly obvious:
1. **It is becoming more difficult to make profits**: Whether it is Bitcoin $BTC , VC coins, or the once popular Meme coins, it has become difficult to obtain high profits. More and more investors are losing money, which has led to a general decline in consumption desire.
2. **Innovation is weak**: As the market matures, new breakthrough innovations are becoming less and less, and the actual value created by projects is gradually decreasing.
3. **Market value is too high**: The market value of the top projects has reached hundreds of billions or even trillions, while the middle projects are hovering around tens of billions. The market is full of selling pressure and it is difficult to support higher valuations.
4. **The number of users is decreasing**: The number of active users on the blockchain is gradually decreasing, and more and more on-chain projects have become "ghost towns" and are difficult to maintain vitality.
5. **Giant whales lying flat**: Since Ethereum switched to the PoS (proof of stake) mechanism, many large users have chosen to obtain income through staking and re-staking, and there is almost no need to actively trade, which has further reduced the activity of the market.
These factors work together to bring the entire cryptocurrency market into a relatively depressed phase.
