One chart to understand the projects that will be unlocked this week and the selling pressure
🔶The unblocking trend continues: Tokens of low-circulation and high-FDV projects continue to be unlocked, bringing heavy selling pressure
🔶Excessive growth on the supply side: Industry infrastructure is further improved, the threshold for entrepreneurship is further lowered, and new projects are issued in excess
🔶Insufficient growth on the demand side: There is a lack of attractive new business models, and most tracks find it difficult to achieve product-market fit and stimulate demand for altcoins.
ONDO: 1.94 billion tokens unlocked on January 18, worth $2.41 billion;
CHEEL: 20.81 million CHEEL tokens unlocked on January 13, worth $169 million;
CONX: 4.33 million unlocked on January 15, worth 85.8 million USD;
ARB: 9.265 million unlocked on January 16, worth 67.8 million USD;
ZKJ: 1.722 million unlocked on January 13, worth 33.2 million USD;
UXLINK: 2.656 million unlocked on January 18, worth 33.2 million USD;
STRK: 6.4 million unlocked on January 15, worth 27.6 million USD;
SEI: 5.556 million unlocked on January 15, worth 21.5 million USD;
QAI: 232,000 unlocked on January 18, worth 19.6 million USD;
APE: 15.6 million unlocked on January 17, worth 17.3 million USD;
ENA: 1.286 million unlocked on January 15, worth 11.8 million USD.
It is highly likely that this bull market will not see a widespread surge like in 2021. The altcoin season belongs only to certain tokens, and finding cost-effective and suitable targets also requires a bit of luck.
Many people can't make money, blaming the bad environment, saying their purchased coins do not rise, and claiming there is no altcoin season.
The so-called altcoin season does not mean that all altcoins will rise simultaneously!
As the number of altcoins increases exponentially, the market capitalization is also high, ensuring that only a very few altcoins can rise.
In the future, there may be less than 100 altcoins that can keep up with Bitcoin. Whether one can seize this opportunity depends not only on ability but also on luck.
Opportunities are always present, but the difficulty is increasing exponentially.
The market is currently focused on the CPI data on the 15th!!! Along with the policies after Trump's inauguration on January 20 and the Federal Reserve's interest rate decision on January 30!!!
During this period, there may be fluctuations in contract trading. Friends who enjoy trading contracts should remember to set stop-losses. The current market has not truly bottomed out, and the market adjustment is still ongoing; this is certainly not the best time to buy the dip in contracts.
For spot trading, the situation is somewhat different. Although the overall market is still in a correction phase, the spot market provides us with the opportunity to enter in batches and seize low-price opportunities.
By gradually buying spot, we can reduce the average cost over time. Prepare for future upward trends, and hold on; dawn is just around the corner!
It has been a week of continuous decline! It just keeps falling!!!
Now there are two options? How do you all choose?
First: Directly buy the dip, which may go through the Miaowadian Park! Then arrive at the destination for a rebound!
Second: Wait, continue to wait until the fraud dens are eliminated! Then go in and buy the dip!
How do you choose!
