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I hate to say it, but the market is about to realize that most altcoins are simply worthless.
Yes, we've seen names like $HYPE and $NEAR put in strong moves, but a lot of that rally has been driven by leverage and rising open interest rather than genuine demand.
That's not organic strength.
When liquidity tightens and leverage starts getting flushed out, I think many of these projects will struggle to hold their current prices.