Why is it difficult for altcoins to have significant market movements now?
Altcoins are experiencing large-scale unlocks almost every week, leading to significant supply pressure. The new themes for speculation in this bull market are basically exhausted, lacking new stories to drive prices up.
However, there are still localized opportunities in altcoins, such as AAVE, MKR, SOL, XRP, DOGE, LTC, DOT, etc.
The crypto market may soon face a storm, and the reaper is about to arrive, so protect the green pastures over your head 😂😂
Pump rumors about issuing coins: valuation of $4 billion, fully circulated.
Retail investors and institutions may sell BTC, ETH, and other assets to participate, which will again withdraw funds from the market. Remember the listing of Trump coin on January 17, which directly drained the market. Now, multiple capital-raising events are following one after another, regarding the pump coin issuance script, the price rises immediately after listing, attracting retail investors to chase high prices, then a slow decline, and a long-term sideways trend. Sigh, cases of “one wave flow” are not uncommon.
Tonight's non-farm payroll data, everyone must be alert to fluctuations caused by data impacts.
