[Some Speculations About the Possible Arrival of the Altcoin Season]
Binance's voting to list new coins has been progressing steadily with two rounds completed. The first round saw 14 projects delisted, and those that remain may still appear on the next list, which means some projects are essentially junk; even if they narrowly escape the first round, they may not avoid being delisted later.
The number of spot listings on Binance is 480. Based on the number of projects delisted in the first round, if five rounds of voting occur, 60 to 80 projects are expected to be delisted, accounting for about 15%, which is a significant proportion.
We can boldly speculate that under the threat of such a last-place elimination system, if project teams do not want their hard-earned listings on Binance to be delisted, they must find ways to make their data look appealing, especially for those 30-plus projects in the observation zone, as well as any future projects that may receive an observation label.
Stimulated by such a mechanism, combined with the recent market adjustment and the subsequent rebound, the possibility of the arrival of the altcoin season in May seems to have increased.
Do you guys think my analysis makes sense?