Many people often attribute the slump in altcoins to “lack of money and liquidity,” but that’s just a surface-level reason‼️

The real key is that the market ecosystem and participants’ mindsets have both changed ——

The era when you could hype up a coin’s price with just a story is long gone. Today’s players are more rational and cautious; the old tricks simply don’t work anymore.

There are two core problems making it hard for altcoins now: lack of innovation, and outrageous valuations.

In recent years, most small coin projects have been all about “hyping concepts,” with no real products delivered and no actual use cases. Everything relied on storytelling, but now, nobody is buying into empty narratives.

On the other hand, during the bull market, VCs drove up prices like crazy. Many projects launched on exchanges with multi-billion dollar valuations, leaving ordinary investors as bag holders the moment they entered. This kind of situation simply can’t ignite any excitement.

More realistically, capital is becoming increasingly concentrated, just like the head effect in U.S. stocks: the top 10% of quality projects absorb 90% of the funds, leaving the remaining altcoins to “gather dust” in the corners.

Project teams aren’t stupid either. As soon as they try to pump the price a little, they get dumped on, so they might as well give up on hype and choose to “lie flat” and barely survive.

As a result, most altcoins these days break below their issue price as soon as they launch, and even investors’ faith is gone.

If you want to make money in this market, you have to change your mindset. Stop fantasizing about getting rich by holding long-term. The market’s defining features are “short, fast, and ruthless”— time your moves, catch a short-term surge, and get out quickly.

No matter how smart you are, if you’re a step too slow, you might not even get a “taste of the soup.” Wait for the next liquidity easing cycle, and maybe there will be new opportunities, but the competition will be even fiercer. At that point, it won’t be about luck—it’ll be about logical judgment and execution ability.

In short: today’s altcoin market is no longer a “close your eyes and wait for the pump” game. It’s a battlefield for those who are fast, accurate, and ruthless. Only those who can adapt to the new rules will survive.

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