Altcoins are truly heartbreaking. The most commonly used data I mention during lectures is the $OTHERS indicator (excluding the Top 10 coins) to advise everyone to be cautious with Altcoins. The reason is simple: this market is not growing at all.



Looking at the data from the past four years makes it clear. In November 2021, $BTC reached a high of 67K, while the total market cap of Altcoins was 445 billion USD. By April 2024, $BTC had surged to 93K, but the market cap of Altcoins had actually fallen to 375 billion USD.

When the market rises, BTC rises the most fiercely, but the market cap of Altcoins shrinks instead. What does this indicate? Funds are continuously flowing into mainstream coins, and the attractiveness of the Altcoin market is steadily declining. Without sufficient judgment and in-depth research, directly participating in this sector is indeed very risky. The data is right here; if you want to play with Altcoins, you first need to ask yourself whether you truly have enough judgment.
BTC-0.63%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
DegenGamblervip
· 6h ago
Altcoins, you see, just look at the data, all the funds have moved to BTC, and 70 billion dollars just evaporated like that.
View OriginalReply0
Frontrunnervip
· 6h ago
I've already said it, chasing altcoins is just giving money to exchanges. This set of data is irrefutable evidence. --- BTC outperformed altcoins in growth for so many years, and some people still think about getting rich overnight? Wake up. --- $OTHERS this indicator is really amazing, it sees through the truth of altcoins at a glance, there is no growth logic at all. --- The flow of funds into mainstream coins has been written on the wall for a long time, yet some people still refuse to believe it. --- Oh, four years of shrinking by 70 billion, this data is enough to silence anyone. --- To put it simply, if you haven't researched, don't touch it. This may sound simple, but it's actually the smartest way to live. --- The altcoin market has really become a game of hot potato; whether you get in early or late, it's all about the fate of the losers. --- Looking at this comparison, I just laugh. If you can't beat BTC in growth, how dare you say altcoins have prospects?
View OriginalReply0
MetaverseHomelessvip
· 6h ago
Altcoins are indeed being abandoned; the data is right here, no need for any excuses. --- Same old story, I'm tired of it. BTC eats the meat, altcoins drink the soup—no wonder we're not making a profit. --- Honestly, most people playing altcoins are just gambling. Where's the judgment? I, for one, have given up. --- The $OTHERS indicator is really hitting home; it dropped from 445 billion to 375 billion. The capital flow is too obvious. --- Wait, why are some people still buying those shitcoins? How crazy is this market? --- It's just one sentence: if you lack experience, don't touch it. Losing money is only a matter of time. --- So, should I go all-in on BTC now? It seems like other coins are losing their prospects more and more.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)