Second-tier coins have broken through the 2022 bear market lows. Should we still dare to position in altcoins this bear market?



Many established second-tier coins have already fallen below their 2022 bear market lows. DOT, SHIB, CORE, and FIL still maintain some market consensus, but countless other air coins have already gone to zero en masse.

The biggest difference between this bear market and the last one: institutional funds are only concentrated in BTC, ETH, and CORE, while altcoins are continuously drained. Coupled with tightening global regulations, it's hard to see another broad-based bull market.
DOT-1.00%
SHIB-1.93%
CORE-0.72%
FIL-2.73%
BTC-1.56%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • 1
  • Share
Comment
Add a comment
Add a comment
GateUser-78989d9a
· 06-25 09:33
All altcoins go to zero.
View OriginalReply0
View More
GateUser-78989d9a
· 06-25 09:33
AI is so popular 🔥, but this virtual storage project doesn't move at all, which shows that it's a scam.
View OriginalReply0
AccumulateStrength
· 06-25 06:08
Second-tier coins have broken through the 2022 bear market lows. In this bear market, do you still dare to position for altcoins?

Many long-established second-tier coins have already fallen below the lowest points of the 2022 bear market. DOT, , SHIB, CORE, and FIL still maintain some level of market consensus, while the vast majority of other air altcoins have long since been wiped out to zero.

The biggest difference between this bear market and the last one is that institutional capital only piles into BTC, ETH, while CORE and altcoins keep getting drained. Coupled with tightening global regulation, it’s hard to see a repeat of a broad-based bull market where everything rises together.
View OriginalReply0
  • Pinned