Coinsight reported:
A year ago, the circulating market value of USDT was $832 billion, and it is currently at $1.127 billion, an increase of $295 billion. USDC, on the other hand, increased from $284 billion to $326 billion, with an increase of $42 billion, totaling $337 billion in incremental value over the year. The total amount of stable coins to a certain extent represents the total liquidity in the market. Despite the significant increase in stable coins, the market has not seen much growth. This is largely due to the launch of too many new coins in the past year, such as ZRO, LISTA, ZK, IO, NOT, BB, REZ, OMNI, TAO, SAGA, and others, each worth hundreds of millions or even tens of billions of dollars! At least 50% of the incremental funds have been absorbed by these new coins, and there is also some selling pressure generated by the unlocking of new coins. ARB was launched in March 2023 with an initial circulation of 1.275 billion coins, calculated at an initial circulation market value of $10.2 billion at a price of 1.25 USDT. The current circulation quantity is 3.232 billion! The current market value of ARB is $2.46 billion, with a token price that has dropped by about 40%. If the increase in market value is understood as a net inflow of funds, holders are still continuously losing blood, indicating that funds are only flowing to the unlocked portion. Many people have been feeling uneasy about the current market conditions, with BTC and Ethereum experiencing constant fluctuations, and most altcoins following the downtrend rather than the uptrend. This makes it difficult for retail investors to make a good profit in the currency circle!
The current currency circle is different from the previous one. Don’t always think about the altcoin season. In the past, the number of currencies in the currency circle was small, and the market value was low, making it easier to manipulate the market. Now, there are many new coins and tracks in the currency circle. In the past, it was easy to increase by ten or five times, but now it is difficult for many coins to double in value! People’s thinking should change according to the environment, and so should the market. Instead of blindly pursuing the altcoin season and the bull market, one can change their mindset and focus on the rate of return, such as how much to sell when it increases by 30%, 50%, or doubles. Rather than always pursuing the altcoin season, it’s okay to be a scumbag in the currency circle!
In a conversation between Chong Ge and an experienced player in the currency circle, he earned more than two million in the last bull market, bought a car and a house later, and was also guided by someone at the time. This time, when the bull market came, he took a hundred thousand and entered the game again, only to find that the current currency circle is completely different from the past. It is not feasible to hold on to the coins and one must trade in waves. Now he is preparing to readjust and recharge with another two hundred thousand to enter the game again!
As long as one’s mindset changes, everything will not be so difficult. There are not many people in the world who walk the same path, and in the end, it becomes a path.