Altcoins have been challenging to perform in the current market cycle, and even strategies with low leverage have struggled to avoid the market's violent volatility. For those who dream of making a small profit with a big investment, the reality is particularly grim.
In the past, every rise in Bitcoin would lead to a frenzy in the altcoin market, which tended to rise more rapidly. However, the current market has changed: while Bitcoin has remained relatively stable and even hit new highs, many altcoins have continued to hit new lows, and some have even approached the brink of a bear market. Even when Bitcoin prices reached a high of $60,000, a large number of altcoins failed to return to their previous levels.
There are multiple factors behind this phenomenon, which tests investors' insight and decision-making ability in choosing coins. In previous bull markets, almost all cryptocurrencies could dance with the wind and share the prosperity of the market. But now, the market has become more picky and fragmented.
Therefore, it is particularly important to select the right coins. If you choose incorrectly, your assets may stagnate when other coins rise, or suffer a heavier blow when the market falls. In this case, not only does profit become out of reach, but even the safety of the principal is difficult to guarantee.
