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In 2017, AltCoins were on fire, you could make a profit even with your eyes closed.
In the first half of 2021, AltCoins also blossomed in various ways, and it was very lively.
In 2023 and 2024, the situation is completely different. Bitcoin rose for a whole year, but Altcoins didn't show much improvement.
Even earlier this year, the hottest currencies became meme concepts.
I think the protagonists of the future bull market may be those low market cap coins. High market cap coins, no matter what concept you have, are not well received. The Meidu (Merlin) coin has shattered the last bit of illusion for the speculators.
As for Meme coin, it rose too sharply at the beginning of the year, and it is difficult to expect it to reach a new high in the second half of this year.
Only those low market cap altcoins, the teams may have already disbanded, and true large investors can't buy much either.
It's easy to pump the market by spending a few hundred million. As for the concept, it can be repackaged like PHB did before.
However, investing in these low market cap obscure coins carries a significant risk as the team strength and project prospects are not clear. Everyone should be cautious and not be swayed by temporary hype.