If new projects are frequently launched in the market, old coins may never rise, and the arrival of the altcoin season will be greatly delayed. There are too many new projects in the current market, which continue to attract user funds, but the total amount of market funds is limited.
It can be seen that old venture capital companies are also facing a helpless situation. Although they are somewhat visionary, they cannot effectively promote the market due to the high cost of market making. Since there is not much selling pressure on new coins, the cost of raising 30-50% is very low; if old coins want to rise 30-50%, they not only need to consider whether they can be fully shipped, but also have to deal with the problem of selling pressure. At the same time, when old coins are sucked by new projects, they will almost certainly lose money.
Therefore, I call on all participants in the secondary market not to pay too much attention to new projects, but also to pay more attention to some old coins. There are many very good projects in these old coin projects, and the project parties are just waiting for an opportunity!