The market, which was briefly shocked by Bitsum hacking, showed a rapid recovery within a short period of time, but it showed a lull in the absence of any special momentum. However, the difference is clear.
Overall, trading is sluggish, but coins are changing.
One of the things I emphasized from the beginning of the year was that coin-to-coin movements will be differentiated by coins over time. Recently, there has been a marked change in the movement of coins in the market trend. Of course, it does not show a completely different market like the leading and non-leading stocks right now, but the collective moving to the upward or downward phenomenon is decreasing as before, and the trend is not moving in the same direction.
Low-cost coins, which were active in the beginning of the year, are inexpensive at a low price that is currently lower than the current low-price and do not even show up in transactions. Among them, new coins that are newly listed on indiscriminate basis are also in a state of never falling out of the low price, and transactions are showing a drastic decrease. Of course, major coins also have a significant decline in absolute trading volume, but the recent trend of increasing price elasticity due to the concentration of bullish on low-cost coins immediately after BTC and ETH has occurred is not seen at all to be. It seems that low - cost coins have entered the stage of gradually disappearing. In order for the current market to improve, coins that should disappear should appear among the coins that are listed in advance. As market circulation, which is a distribution market, does not secure revenue, market funds continue to flow into many ICOs, which are just garbage, and this must be blocked.
Recently, many countries and organizations, including the United States, have expressed concerns about ICOs, such as the current waste. A massive survey of ICOs will begin soon. The disappearance of the coins that must disappear is highly desirable for the entire coin market, and the non-collective movements that are shaping up in recent markets - that is, differentiation of the market are highly desirable. The differentiation of the market and the polarization of the transaction will be further expanded in the future. In the end, there will be a market where surviving coins will become monopolies, and such a trend is now evident. Coins other than BTC, BCH, ETH, and ETC are becoming increasingly difficult to trade.
[source]
"Market(Coin, Stock) reader" by "Hong, SungHak"
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