"Which coins did you regret buying during this round of bull market?"
The answers were the same, and everyone pointed to the altcoins that were once popular.
Whether it was the star coins UNI, DOT, DOGE in the past bull market, or the newcomers ORDI, BB, and WLD that have emerged recently, they all seemed to have failed to bring ideal returns to investors.
These coins seem to have fallen into a long-term vortex of depression, with negative declines and sharp drops in turn, which is worrying. However, the market is always full of variables
A group member pointed out that new coins in the market have sprung up like mushrooms after rain, just like the A-share market, and many projects seem to be born just to make money.
In this context, most of the funds are focused on a few high-profile high-quality projects, which has caused the market value of these projects to rise, while the altcoins have gradually been forgotten.
However, altcoins are not without a chance to turn around. But this requires market sentiment to reach an extremely greedy state, just as the greed index soared to more than 80, the major currencies hit record highs, and the market capitalization of the top five currencies dropped sharply.
However, the current market structure is not the case. The top five currencies still firmly occupy more than 80% of the total market value, while all altcoins combined have a market value share of less than 20%.
However, according to the law of the bull-bear cycle, at the end of the bull market, altcoins often usher in a wave of surges and compete for market share for a short time. But the premise of all this is still that market sentiment needs to be extremely greedy.
Overall, the road to recovery of altcoins seems to be a long way off. However, the market is always full of uncertainty and surprises, and no one can predict when the next miracle will happen.