Now it seems that fewer and fewer people are playing in the cryptocurrency circle. It is not because the market itself is not good. The real reason is that there is no wealth-creating effect, which makes people see no hope.
Once the altcoins soar more than ten times in the next few months and the market becomes hot, a large number of retail investors will rush in to take over. ​​​
Remember the bull market in 2020,
The cryptocurrency circle, US stocks, A shares, and Hong Kong stocks also rose simultaneously,
They all started slowly in October,
After the election in November, violent pull-ups began,
The altcoins rose 5-10 times+, and the junk coins also rose 2-3 times,
And it was only 2 months,
mainly concentrated in January and February 2021,
After March, they gradually died down,
At the end of 2021, there was another rebound,
Then the overall market fluctuated downward,
I am still looking forward to the market after the next election.