The Dilemma of Altcoins: Has the Bubble Reached Its Limit, or Is It the Darkness Before Dawn?
Bitcoin soared from 20,000 to 100,000, unstoppable, while altcoins seem to be stuck in place, each time Bitcoin sets a new high rekindling hope, only to be met with deeper disappointment.
Where does the problem lie? Is it that altcoins have long been overvalued, lacking room for growth? Or have VCs and project teams already set the stage, waiting to cash out at high prices after listing on exchanges?
Take a look at some of the recent new coins, launching with a circulating market cap starting at 300 million dollars; the answer may be self-evident.
The past script involved undervalued violent surges, but now it’s a game of overvaluation leading to chronic decline. Bitcoin advances boldly, while altcoins resemble a balloon blown to its limit, neither daring to pop nor able to rise further.
The question is, without a new wave of genuine retail investment flooding in, how much longer can this bubble last? Is the spring of altcoins waiting in the distance, or will it never arrive?
