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Markets

Is Altseass delayed or canceled?

  • The market saturation with more than 36 million icons slows Altseason.
  • Metal currencies dominate the stock exchanges, and withdraw liquidity away from quality projects.
  • Institutional focus on bitcoin and ethereum delay the growth of Altcoin.

It seems that the long -awaited Altseason, when Altcoins excels on Bitcoin, in the back stove despite the spread of several Bitcoin its highest level ever. Many merchants have caused a question about Altcoins.

As far as Altseason was delayed, instead of canceling the interpretation behind the face it has to do with the market now.

Market reduction slows Altseason

The number of symbols in the blood circulation has increased significantly. In 2013-2014, there were about 500 symbols. In 2017-2018, there were already about 3000 icons.

In 2021, there were already approximately 300,000 to 3 million, and now there is already more than 36.4 million trading icons, expectations that there will be 100 million in the future.

Mimi Sephon currencies and distracting liquidity

Exchanges are similar to the inclusion of Meme currencies before quality projects so that they can create trading volume. Retail investors are caught in these plans driven by noise, the purchase of highlands and their investments will decrease by 80 % or more in a few days.

With anyone’s ability to make a symbol within a few minutes, the market is immersed with low -quality projects, making Altseass more difficult.

    Bitcoin and Ethereum founders prefer

    With the rule of investment funds circulating in Bitcoin these days, institutions are only interested in BTC and ETH. Bitcoin dominance is still higher than 60 % with a small space to enter liquidity.

    This usually begins when bitcoin is flat, but due to the last height in BTC, the rotation of the capital to Altcoins is behind the curve.

      When will Altseason start?

      • Liquidity should invest in Altcoins quality, not coins
      • Fomo Retail needs to return, which brings new money to the market until then, all of it is about survival.
      • Avoid the inch traps, maintain actual projects at the top of your agenda, and stay patient.
      • Altseason was delayed, not closed.

      The encryption news was highlighted today

      Bitcoin risk per week less than $ 82,000 after bitcoin background news

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