🚨The FDV of altcoins is one of the biggest illusions of this cycle——

According to Memento Research, out of 118 TGEs this year, 84.7% of new coins have fallen below their issue price, with only 15% maintaining an upward trend, and most early investors' holdings are deeply in the red.

Here's a scary statistic:

By 2025, the cryptocurrency market will have over 37 million types of tokens, what does that mean?

The total number of publicly listed companies worldwide is around 60,000 to 70,000, while the number of crypto tokens is more than 500 times that.

But money and attention won't increase by 500 times; with each new coin, the pricing power of all existing coins gets diluted a bit.

The reality is that most people only focus on a dozen or even just three to five assets.

The remaining tens of millions of tokens have had no audience since the moment the TGE ended.

In such a market, those who can make money by holding altcoins long-term are almost all survivors' bias! $BTC