18 months ago, VC investment projects reached a peak, but the issuance of coins was continuously postponed, all waiting for the bull market.
In April, 1 million new projects were launched (including a large number of memes), and there are currently 2.55 million projects in the cryptocurrency circle, and 440,000 in 21 years.
Most of the newly issued coins and listed on the big exchanges have low circulation and high market value, and most of the unlocking starts 6-12 months after the launch. The market needs the current price to withstand the selling pressure of 100-200 million US dollars per day.
Therefore: It is better to speculate on altcoins than to hoard altcoins.
