Talk about altcoins
Most altcoins have very low buying interest, continuously moving sideways and declining
Air tokens are rampant, with projects dumping once they launch
Projects with poor performance directly run away with funds, dropping 50%+ in a day, leaving no room for retail investors
There are no hotspots, no new funds entering the market, and the profit-making effect is extremely poor
A small number of altcoins may suddenly surge, doubling in a short time, just like $FUN and $MYX in the past two days. However, these speculative coins won't last long, likely crashing down without any rebounds in between, with extremely unpleasant trading methods
Mainstream altcoins are also not performing well; SOL, UNI, AAVE, BCH, MKR... can be considered relatively stable and prioritized
In the current market, there is no shortage of “coins,” but there is a lack of “capital” and “confidence.” One must be extremely cautious with altcoins, especially those without fundamentals and whose narratives have already cooled down
