#BMT The crypto world is getting more and more ridiculous now, especially with alts, which rush to play people for suckers as soon as they launch. In the past, there were at least some "tricks", like FIL using the banner of "Decentralization" for storage, and DOT doing some "slot auctions"; at least it gave people some hope. Just look back at 2021 with NEO, ETC, QTUM, and LRC; although they are completely cold now, they at least surged once, and the market makers had long disappeared.

The logic of alts has completely changed now. In the past, it was possible to fool retail investors with storytelling and hype for a while, but what about now? They directly hit the exchanges to dump, and the efficiency of raising money is frighteningly high. According to CoinGecko, alts have an average drop of over 60% within 3 months of launching in 2023. The market cap of FIL has shrunk by 90% compared to its peak in 2021, and the auction craze for DOT has also become a thing of the past. Market makers are no longer playing, so why should retail investors join the fun? Who still dares to touch alts now?