When crypto was still young, projects were launched with a low price and little market cap. You could still see that the project was trying to collect market cap for the price and performance ratio. Early investors could still make good profits if they held on for a certain amount of time. A lot has changed over the years. New projects are being launched with market caps of 1 billion or more and the price of a coin is way above the price it actually costs. After the launch, the market cap is withdrawn and coins are dumped. This has continued for years; most of the time these coins no longer reach the Ath; they were only used to take liquidity from investors. I no longer like the way crypto is developing.
The way in which crypto has developed consists largely of market makers manipulating the market in order to buy bitcoins. This is why most coins are automatically dumped because they are algorithmically linked to bitcoin instead of fiat currency or stablecoins. If you dump altcoins to buy bitcoins that you then put into the market cap, bitcoin will automatically sink the altcoin. But by far more than bitcoin does. I can only say that this will have a negative effect on crypto and many will notice over time.
