Why are the copycats in the market now dead? The main reasons are as follows:
1. Too many new coins are listed on the exchange, and the review of new coins is not strict. In the past three days, multiple new coins have been listed, including ZK, ZRO, IO, and LISTA. The market value of the new coins is too high, false propaganda is serious, and the number of tokens unlocked is huge.
2. Insufficient market liquidity, too many copycats, serious blood sucking of first- and second-level copycats, ETFs slowly flow into BTC and ETH through funds, and the copycat liquidity is insufficient.
3. Most project parties have no pattern, and they sell them as soon as they go online, basically without supporting the market. The old coins disappear and they are directly replaced by new coins to continue harvesting.
4. The market hype disappears, and the market falls at the slightest disturbance. Value coins and fans do not take over each other. It is difficult to hoard coins in the market now, and the long-term is directly zero.
The only hope for the market is that institutions work together to pull the market, and the Ethereum ETF will increase liquidity through trading, the war will end, interest rates will be cut, and the presidential election will begin!