Data doesn't lie: The total market value of altcoins in 2021 has remained unchanged.
But back then there were only 430,000 coins, and now it has surged to 31,800,000—70 times the chips, diluting the same liquidity.
What was once thought to be the altcoin season has seen a rising tide: Bitcoin steady at the helm, Ethereum setting sail, altcoins blooming everywhere, even meme coins can ride the wind.
Now the pool hasn't grown, but the boats have turned into a mess: fishing boats, cargo ships, aircraft carriers, and countless kayaks are vying for a share.
With 430,000 fish, each could get a sip; with 31,800,000 fish squeezing in, most can only die of thirst on the spot.
Thus, strange phenomena arise: a certain meme coin surges dozens of times in a day, jumping in only to get trapped; unlocking and selling pressure pours down like a waterfall, with daily life-and-death struggles between buying and unlocking.
Meme coins have changed hands repeatedly, and the altcoin season of 2021 is hard to replicate. What's left are just a few meme coins being manipulated over and over again, with waves of profit being cut off...
But back then there were only 430,000 coins, and now it has surged to 31,800,000—70 times the chips, diluting the same liquidity.
What was once thought to be the altcoin season has seen a rising tide: Bitcoin steady at the helm, Ethereum setting sail, altcoins blooming everywhere, even meme coins can ride the wind.
Now the pool hasn't grown, but the boats have turned into a mess: fishing boats, cargo ships, aircraft carriers, and countless kayaks are vying for a share.
With 430,000 fish, each could get a sip; with 31,800,000 fish squeezing in, most can only die of thirst on the spot.
Thus, strange phenomena arise: a certain meme coin surges dozens of times in a day, jumping in only to get trapped; unlocking and selling pressure pours down like a waterfall, with daily life-and-death struggles between buying and unlocking.
Meme coins have changed hands repeatedly, and the altcoin season of 2021 is hard to replicate. What's left are just a few meme coins being manipulated over and over again, with waves of profit being cut off...