Why this round of bull market does not recommend everyone to buy random altcoins, it is better to choose large coins.
This bull market is not driven by retail investors, and there has not been a large-scale influx of new investors. This bull market is driven by institutional funds. If you are a fund manager, would you buy small altcoins or outdated memes? The most basic question is, how do you write your investment report, right?
If it were a bull market driven by new investors, they would buy randomly, and junk altcoins would soar; retail investors are irrational.
So in this bull market, I believe that funds will be more concentrated in leading large-cap projects, especially domestic projects in the United States, leading to an initial wave of institutional buying. Then we will observe the situation of new investors entering the market.