Hello everyone,
How are you all? I hope everyone is fine and doing great in their life.
Why are altcoins not performing well in the current crypto market cycle? One of the most obvious reasons people give is that the alt season has not arrived yet. But is that actually the reality? Or should we accept that the so called alt season might not come anymore?
Some people say that the market has matured. But what is the logic behind calling the market mature when altcoins are crashing week after week and month after month?
If the market were truly mature, we would expect altcoins not to pump crazily like they did in the past, but also not to dump crazily like they used to. However, what we are seeing right now is that most altcoins are dumping heavily.
The reason is not just market maturity, but also the overcrowding in the altcoin space. Earlier, for example, if there were 10 altcoins and you had to select three top-tier projects, the choice was limited. Now, you have to choose from thousands of altcoins. Every day, every hour, new projects are being launched. Someone is always introducing a new token into the market.
Because of this massive increase in supply, it has become much more difficult for altcoins to perform well. Liquidity is constantly being distributed across thousands of projects.
It is not about the market stabilizing. it is about continuous expansion and fragmentation. As a result, even good projects struggle to survive simply because they are part of the overcrowded altcoin market.
That is why many altcoins are dumping heavily, and liquidity is not flowing into strong projects the way it used to. I honestly doubt whether we will see the same kind of alt season that we experienced in previous cycles.
In fact, I believe we will not see that same explosive alt season again not only because of market maturity, but also because of the extreme crowding in the space.
So what do you think about the current crypto market situation? Do you still have hope for altcoins? And if yes, on what basis do you remain optimistic?
This section is for the games I play on Hive blockchain. You are free to skip this section if you are not interested in reading about the games here.
In the screenshot below you can see my terracore base where we have used 8 attacks and won around 1700+ scraps from them. This is a huge win for us after a long time with full set of attacks.
Below you can see my golem overlord base claim details and we won only parts because there were no shards on the name of penalties so we used 50% of the total attacks and that is what we got from them today.
That is all I did in Golem and terracore base today.
Thank You and make sure to check Crypto Company CEO services as I recently shared in my blog. You can simply click on the picture below and it will take you to their official website.
