This is the current market value rainbow chart of altcoins.
This chart seems to suggest that "cycles will repeat," but the problem is that today's altcoins are not the same as those from years ago.
There are more and more altcoins, but the real funding has not changed.
New coins inflate the total market value with high FDV, while old altcoins continue to bleed, and many have long since only retained a fraction of their market value from years ago, with some even going to zero.
Therefore, this chart can only be used to assess whether sentiment and liquidity have been cleaned out, and cannot be used as evidence that altcoins will return as a whole.
At this stage, most altcoins are not correcting, but are being eliminated by the times.
#加密市场观察
This chart seems to suggest that "cycles will repeat," but the problem is that today's altcoins are not the same as those from years ago.
There are more and more altcoins, but the real funding has not changed.
New coins inflate the total market value with high FDV, while old altcoins continue to bleed, and many have long since only retained a fraction of their market value from years ago, with some even going to zero.
Therefore, this chart can only be used to assess whether sentiment and liquidity have been cleaned out, and cannot be used as evidence that altcoins will return as a whole.
At this stage, most altcoins are not correcting, but are being eliminated by the times.
#加密市场观察
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BTC
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