#山寨季何时到来？ #ETH🔥🔥🔥🔥 #币安合约锦标赛

Thinking back to the days when altcoins were “flying all at once”

Can we still see this round? Let’s first take a look at the current market’s objective situation

1. The number of altcoins hit a new high.

In May alone, 1 million new coins were created, which is twice the number of tokens on ETH from 2015 to 2023.

2. The proportion of altcoins/BTC

has been on a downward trend this year and is currently approaching the lowest point of the bear market.

3. The overall narrative is relatively backward.

Specific narratives perform significantly better than other narratives, and lack killer application innovation.

4. The altcoin market as a whole has entered the PVP stage—

-Q4 of 23 years saw a general rise, Q1 of 24 years saw more wins and less losses, and Q2 of 24 years saw extremely dispersed liquidity, with more losses and less wins.

In summary: the market has no money,

and altcoins are too saturated to pull up, and the overall liquidity is relatively poor, which may be more difficult than the bull market in 2020.