I have noticed a pattern with many old altcoins —

Clearly, there is still some fundamental value, and the team is continuously working, yet there's not much attention. The trend? Almost like a template: first, it quietly moves sideways, then suddenly jumps 10% to 20%, but no one follows, and after two days of sideways movement, it returns to square one.

To put it simply, they first make a tentative attempt to pull it up, hoping to see if it can attract some attention, only to find the place is empty, fearing they might get stuck at the peak, so they have to obediently give it all back.

Retail investors are timid, and project teams are also timid; both sides are waiting for each other, and no one dares to take that step.

Interestingly, these kinds of surges often happen during the lowest trading volume periods, as if they deliberately choose times when the market is not paying attention to test the waters. Once the order book shows no one is following, the active buy orders just retract, making the entire trend look like a copy-paste.

Over time, even if a project has some real value, the market has formed an expectation of 'if it’s pumped, then wait for a correction,' resulting in a situation where the less people chase, the less anyone dares to pump — a vicious cycle.

These old altcoins, it's not that they don't have cards in hand, it’s just that no one dares to play them, and in the end, they all become stagnant retirement coins. They are disappointing.