Will altcoins still appear in this cycle?
Let's consider the objective situation of the current market.
1. The number of AltCoins has reached a record high, in May alone 100w of new coins were created, double the number of Tokens on ETH from 2015 to 2023.
2. The AltCoin/BTC ratio has been decreasing continuously since the beginning of the year and is currently near the lowest level of the Bear market.
3. The overall story is less progressive, with specific stories being more evident than others, lacking high-level applied innovation.
4. AltCoin market has moved into the overall PVP phase - Steady increase in Q4'23, win a lot, lose a little in Q1'24, liquidity is very scattered in Q2 '24, lose a lot win a little.
In short, the market lacks money, alts are too saturated and cannot be pulled in, overall liquidity is quite poor, compared to the 2020 bull market it seems more difficult.
It is expected that w will increase
