How are you all? Hope everyone is doing well, today I will try to talk about a very important topic, today we will know why alternative coins are in such a bad state! We have been noticing for a long time today that although Bitcoin is pumping, alternative coins are not pumping as much, In the last two days, two coins have been launched on the Binance exchange, Kernal, WCT, the most surprising information is that the market of the two coins is below $50 million shortly after the launch, and we are noticing that it is going down further, WCT Token is a wallet's own coin, even after being listed on major exchanges like Binance, Karken, OKx, Bybit, the token market is disappointing.

Image collect Pixabay

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There are many reasons behind this,
The main reason is that investors are not interested in alternative coins now, investors think that investing in Bitcoin is more profitable than investing in alternative coins, so investors have moved from alternatives to Bitcoin, after the Bitcoin ETF was approved Investors are showing interest in Bitcoin,
When Bitcoin goes down a lot, we all know that Bitcoin will recover its losses, and then those who invest in alternative coins sell their alternative coins and invest in Bitcoin, as a result, even if Bitcoin pumps later, the alternative cannot recover its losses,
So I think Bitcoin ETF approval, and Donald Trump winning the election, etc. are all good news only for Bitcoin, not as good news as expected for other coins,
We have been noticing since the Bitcoin ETF approval that Bitcoin's dominance is above 60%,
I think there is another bad side, that is, additional new coins are being launched in the market,
And these kinds of coins are coming to the market, for trading,
When some of these new ones are being launched in the market, Investors are investing in new coins hoping to get a good return but later they are not getting the expected results from them,
Although these coins are worth $50 million to $100 million after their launch in the market, they are going down to $10 to 20 million in five to six months,
Is this a decline or are they deliberately selling themselves and fleeing the market?

Source

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Today's post is just a warning post, I think you should check and choose before investing in any new coin,
Will BullRun come or not! Remove these completely from your mind, I think if BullRun comes, it will come to Bitcoin,
So it is better to stay away from making new investments keeping BullRun in mind,
So I hope everyone understands that I am ending here today. Be well, Allah Hafez