$ASR Many people attribute the slump of altcoins to a lack of funds and poor liquidity,
but this is actually just a surface phenomenon.
The real change lies in: the market's ecology and the investors' mindset have completely changed a generation.
Once, the era where a single story or concept could drive the price of coins to the sky has passed.
Now, the market's funds are more rational, and investors' perspectives are more discerning,
the old tricks can no longer move the market.
Currently, the predicament of altcoins can be summarized in two points:
No innovation, and valuations are still overly high.
In recent years, many projects have just piled up concepts, with no products launched, let alone actual scenarios.
They rely solely on one story after another to support their valuations.
But now, the market is no longer willing to pay for such hollow narratives.
On the other hand, many VCs inflated valuations during the bull market,
and many projects had a market value of tens of billions of dollars right after launch,
retail investors followed in, resulting in becoming the "bag holders."
Such a structure is doomed to not form a sustainable market.
The more practical problem is: funds are becoming highly concentrated.
Just like in the U.S. stock market, a few leading projects have siphoned off most of the funds,
the remaining altcoins can only struggle on the margins.
The project parties themselves know that a slight pump will lead to a dump, so they simply choose to live low-key.
This has also led to new coins frequently breaking their initial value, unable to sustain even faith.
In such a market environment, relying on long-term holding to get rich is almost unrealistic.
The current rhythm can be described in three words: short, fast, and go.
Seize the opportunity to make a wave and withdraw; if you are a bit slow, you won't even get a "soup."
When the next round of liquidity truly warms up, opportunities may arise again.
But at that time, what matters is not luck, but a profound understanding of market changes.
Summary: The current altcoin market is no longer an era of blindly waiting for pumps, but a fast, accurate, and ruthless game.
Only those who truly understand and adapt to the new rules have the qualification to survive in this market.
A lone sail cannot travel far, a single tree cannot form a forest; if you want to reach the shore and flip your position, I am always here!
