Currently, the altcoin market has been detached from liquidity, causing many market makers to seek refuge. The lack of liquidity has led to a slump, so it's wise not to be blindly bullish at this point.
The current situation is very similar to the "garbage time" of May 2023. The market desperately needs a shot in the arm—some favorable news or events that can stimulate new, strong coins.
However, keep in mind that most altcoins will remain in a state of "false death", showing little to no significant movement.
Stay cautious, analyze carefully, and watch for strong fundamentals.
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⚠️ Altcoin Market Update ⚠️
Currently, the altcoin market has been detached from liquidity, causing many market makers to seek refuge. The lack of liquidity has led to a slump, so it's wise not to be blindly bullish at this point.
The current situation is very similar to the "garbage time" of May 2023. The market desperately needs a shot in the arm—some favorable news or events that can stimulate new, strong coins.
However, keep in mind that most altcoins will remain in a state of "false death", showing little to no significant movement.
Stay cautious, analyze carefully, and watch for strong fundamentals.
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