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Join WCTC S6 and win exclusive merchandise and PEPE coin airdrops! According to data, we have experienced an altcoin bull market, but why did many people not notice this bull market?
So you think encryptionBull Market has been stolen by someone? I think there are several reasons for this.
1. The current altcoin market is already large enough, and it is difficult to sustain the explosive rise, only some hot spots coming will some of the altcoins perform well.
BTC and ETH account for a significant portion of the total value of the cryptocurrency market, but most of those who own them are not long-term holders. Awareness against the bull market is low. Many believe that there is no continuous bull market because over 80% or even 90% of people do not own these two assets, while in fact, these two assets have tripled in value since last year.
3. Altcoins invested by VC are starting to unlock continuously, squeezing the space for the total market value of altcoins to rise. Many VC projects face significant unlocking pressure, which doesn't look good for retail investors. The resulting emotional resonance leads to a decline as soon as they go live.
4. Due to dazzling new projects, limited market funds, and limited new entry funds, there is a serious distribution problem, individual investors are trading with each other unconsciously.!# quote