At present, the performance of new coins on several leading exchanges in the industry is very disappointing, and it seems far from the expected bull market. Can ordinary retail investors still make a comeback by copying?
As we all know, we are currently in an atypical bull market cycle. It may be difficult to make money from luck (bonuses from the easy-win cycle) using the previous methods. Therefore, it is time to think about how we should adjust our trading thinking and logic.
Let’s first look at a set of data (the performance of new coins on the top exchanges is not satisfactory):
Bitget Exchange:
BYBIT Exchange:
OKX Exchange:
Binance Exchange:
The above data counts the number of new coins listed on four mainstream exchanges with good liquidity in 2024 and the performance of these new coins after listing.
In terms of the number of new products: Bitget (253), BYBIT (104), OKX (32), Binance (30). Bitget and BYBIT have the most new products, while OKX and Binance have not many and are relatively cautious.
From the performance of new coins on all exchanges: the vast majority of them have fallen by more than -50%. Among them, the number of new coins that have fallen by more than -70% is 70 on Bitget, 44 on BYBIT, 11 on Binance, and 9 on OKX. It can be seen that the performance of new coins on all the top exchanges is very poor.
Of course, listing coins is one of the core businesses of these exchanges. We cannot say that whoever lists more coins is a "bad guy". Judging from the performance of new coins on all exchanges, the decline is generally large. The main reason is that this cycle is a local structural bull market. Both funds and emotions are focused on mainstream coins (BTC/ETH). In other words, if there is no passage of spot ETFs, perhaps BTC is still hovering below 40,000 US dollars. In addition, altcoins have no "blood" at all. Once BTC has a pullback, ALT can only trample on each other. BTC has not fallen much, but altcoins are bleeding. Everyone needs an outlet for their emotions. I saw a friend saying that Binance frequently lists new coins to suck blood and has been scolded. As the largest exchange, it is understandable that it has unfortunately become the first choice for punching bags.
I don’t think there really is no altcoin season in this round, but there may not be an “all-out” altcoin season, but there will be a “structural” altcoin season, provided that there is capital overflow. And the altcoins that will eventually reap the bull market dividend must have an active community, a broad consensus basis, and convincing products (or narrative ability and sufficient imagination).
If we must talk about "bloodsucking", then BTC definitely occupies most of the capital inflows in and outside the crypto market, especially the traditional American institutional funds brought by ETFs can only flow into BTC, not to other places. Even ETH cannot flow into ETFs before they are listed. If we call on all exchanges around the world to delist BTC, will the altcoins rise? I don't think so. After all, in the crypto asset track, no ALT other than BTC can inherit the global consensus foundation of "value storage, digital gold". Without capital overflow, the altcoin season will not come.
