Right now, most people see these as quick profit opportunities, especially memecoins over utility tokens.
As a result, the moment there’s any trouble, they sell fast, driving prices down just as quickly. The current mindset is all about flipping rather than holding, which means there’s less long-term confidence, limiting how much prices can actually grow.
This is a big reason why altcoins are struggling to perform.
And that’s exactly why this is hurting the entire industry.
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#BTC #ETH #Crypto Downturn: Hold or Sell?
Right now, most people see these as quick profit opportunities, especially memecoins over utility tokens.
As a result, the moment there’s any trouble, they sell fast, driving prices down just as quickly. The current mindset is all about flipping rather than holding, which means there’s less long-term confidence, limiting how much prices can actually grow.
This is a big reason why altcoins are struggling to perform.
And that’s exactly why this is hurting the entire industry.