This cycle IS different (3/3)Alright, so not every coin is worth to buy: some already completed their full cycle like #TRB, some will never pump to new highs because of selling pressure. And still some great projects and funny memes will be
left aside with no cycle at all. Why so?
The reason is simple: we have
too many cryptocurrencies right now. Tickers like TOTAL2 only count a small number of alts, in fact if this ticker included all the Solana memes and other goofy stuff, the
marketcap of altcoins will be
dozens of trillions of dollars!The best
altseason we ever had is probably
early 2021. That time 90% of money was gathered on Binance which had... 200 alts? This is a ridiculous number compared to nowadays: only Coingecko counts
more than 14,000 coins! Now add all Solana, Base and BSC memes and you'll get a whopping
100,000 or
even a million coins!As there are lots of different ways to trade alts (big CEXes, small ones, DEXes, on-chain web3 wallets and so on) the
money is distributed with no actual center like Binance in early 2021. There simply
won't be enough money to inject into all these coins!
Third new rule: there's
not enough money to pump everything. A lot of coins will
underperform #BTC.
