I found that many people in the square are saying that the market is not good recently, especially the altcoins,
thinking that the poor performance of altcoins is due to "lack of money and market illiquidity,"
but this is just a superficial phenomenon!
The real reason lies in the changed market environment and the mentality of the participants. Why do I say this?
To put it simply, the era when one could pump up coin prices just by spinning a story is long gone.
Now everyone is more rational and picky; the old tricks simply don't work anymore.
The main reasons why altcoins can't rise now are two core issues:
First, there's no innovation; second, the valuations are outrageous.
In recent years, most small coin projects have been "playing concepts," with neither practical products landing nor real application scenarios, relying solely on storytelling to support them.
But now no one is willing to pay for such empty talk anymore.
During the bull market, VCs drove up prices crazily; many projects were listed on exchanges with market caps in the tens of billions, and ordinary investors became the ones left holding the bag. How could such a situation possibly thrive?
The reality is that market funds are becoming increasingly concentrated, just like the head effect in the U.S. stock market, where the top 10% of quality projects absorb 90% of the funds, leaving the remaining altcoins to "gather dust" on the sidelines. Project teams are not foolish; a slight uptick in price will meet selling pressure, and they simply give up on hype, choosing to lie flat. Therefore, altcoins now often break their initial listing prices, and investors' confidence is lost.
To make money in such a market, one must change their mindset; stop fantasizing that holding long-term will make you rich. The characteristic of the current market is "short, fast, and fierce"—seize the rhythm, catch a wave of short-term bursts, and leave quickly, taking profits while you can. No matter how quick and clever your actions are, even being half a beat slow may mean you won't even get a "soup". When the next big liquidity cycle comes, there may be new opportunities, but competition will be fiercer. At that time, it won't be about luck but rather logical judgment and execution ability.
In summary: The current altcoin market is no longer an era of "waiting with closed eyes for a pump"; it is a battleground of "fast, accurate, and fierce". Only those who can adapt to the new rules will survive.
Alright, having said so much, those who support Angel can click to follow for continuous sharing~