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Second-tier coins have broken through the 2022 bear market lows—are you still daring to position in altcoins this cycle?
Many veteran second-tier coins have already fallen below their 2022 bear market lows, while CORE, FLOKI, RACA, SHIB, and FIL still retain some market consensus and offer a chance to turn things around; the rest of the massive number of air-based altcoins have already gone to zero en masse.
The biggest difference between this cycle and the last bear market: institutional capital is only pooling into BTC and ETH, altcoins are continuously being drained, and combined with tightened global regulation, it is very difficult to see another widespread bull market.
Many established second-tier coins have already fallen below the lowest points of the 2022 bear market. CORE, FLOKI, RACA, SHIB, and FIL still retain market consensus, with one that could turn your fortunes around, while the vast number of other air altcoins have already gone to zero in batches.
The biggest difference between this bear market and the last: Institutional funds are only piled into BTC and ETH, altcoins are continuously drained, coupled with global regulatory tightening, making it hard to see another broad-based bull market.