Every year at the end of the year, the cryptocurrency market tends to crash, and I have been observing this for several years.
I reminded everyone half a month ago that December is likely to see a drop; the total market capitalization might not even hold up to 3 trillion dollars — look, hasn't 300 billion already evaporated?
Why does this always happen at the end of the year? I pondered this myself and concluded that it is mainly because there are too many cryptocurrency projects now, each field has its own hot cycles. For example, new coins tend to be more active at the beginning of the year, mid-year might be the time for altcoins to rise, and in the second half of the year, new projects emerge in clusters.
However, as Christmas approaches, many project teams start to calculate: rather than waiting for the market to crash and lose 40%, it's better to proactively withdraw funds and plan new projects for the beginning of next year.
So they often come up with a reason, such as "we were hacked" or "operating costs are too high," which is just to withdraw liquidity under the guise of legitimacy. Recently, many projects have suddenly collapsed, and on the surface, the specific reasons are not apparent; in fact, it's this set of operations.
Anyway, my own experience is that regardless of how strong the market performs in the early stages, it generally cannot hold up by December. Of course, this is just my personal opinion; how the market will actually move needs to be seen with my own eyes.
You issue coins, and I will analyze in the chat room which one will be the next to soar.