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Altcoins are being crushed by the bill, old coins will never rise again!
Previously, everyone took it for granted: when a project grows, its token will rise, and may even distribute profits.
But with the CLARITY Act coming out, this logic is gone.
Now regulators divide tokens into two categories:
One type is like Bitcoin, which has basically no centralized control, treated as a commodity.
The other type has a project team and people responsible for operations, and will be treated as a security.
Many popular coins from the last cycle, like $UNI and $AAVE , are neither purely commodities nor can they legally distribute profits clearly.
So now you think you hold an asset that can benefit from protocol growth, but the law may not allow such design at all.
To deal with this, project teams have started to change tactics, such as buybacks and burns.
There is also a more complex solution, which is to create a dual-layer structure.
One layer does not require KYC and continues buybacks.
The other layer complies with regulations and allows profit distribution.
But then, the same token gives different rights to different holders, causing many problems.
So you'll find that now altcoins are rising more and more aggressively, all competing to manipulate the market.
Can you see the opportunity in this?