In the past three years, new altcoins have been launched continuously, and a large number of altcoins with narrative concepts have emerged in each bull-bear cycle, which has led to a rapid growth in the market value of altcoins. However, it may not be objective to judge the market only by the overall market value of altcoins reaching the peak level of the previous round.
Nowadays, many altcoins have a market value of hundreds of millions of dollars, or even tens of billions of dollars, when they were first listed on Binance, but they only rely on a narrative and a good background. This makes retail investors feel embarrassed, because they may have waited for several years, but they saw that the dog dealer started with a market value of tens of billions of dollars, constantly releasing super positive news and tokens, while retail investors are looking forward to super bull narratives, super bull investment institutions and future bull markets, but they don’t know that the dealer has already predicted the psychology of retail investors.
In this case, the dealer can easily make a profit by creating a high market value, introducing star institutions, continuing good news and shipping. This makes retail investors helpless and can only chase opportunities on various chains.
Unlike in the past, in this bull market, the market value of new altcoins is high, and the project parties do not pull the market much, and the institutions directly ship. For example, refer to arb, its circulating market value is close to 2 billion US dollars, but the price of the currency has not risen significantly. Next, with the approval of Ethereum's ETF, various Layer 2 technologies will also become hot spots, and retail investors will buy in large quantities in the hope that the market makers will pull up.
However, the market makers may directly ship and make profits by relying on the market value of tens of billions of dollars, which is almost equivalent to the market value of Xiaomi Motors.
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