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

According to Memento Research, among the 118 TGEs this year, 84.7% of new coins have dropped below their initial price, with only 15% maintaining an upward trend, and most early investors are already facing significant losses.

Here’s a terrifying statistic:

By 2025, the cryptocurrency market will have over 37 million types of tokens. What does this mean?

The total number of 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 will not increase by 500 times; with each new coin, the pricing power of all existing coins gets diluted a little.

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

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

In such a market, those who can make money by holding onto altcoins for the long term are almost entirely a result of survivor bias!