Willy Woo: The altcoin cycle is gradually weakening, retail investors' losses may lead to a change in mindset
Cryptocurrency analyst Willy Woo stated that the current altcoin cycle is significantly different from the past, marking the third major loss for retail investors since 2017. The DeFi and NFT waves of 2020-21, as well as the current Meme coin craze, have all led to continuous losses for retail investors. Woo believes that retail investors may have realized the high-risk nature of the altcoin market. Although altcoins may rebound after each Bitcoin rise, overall, the strength of the altcoin cycle is gradually weakening and resembles more of a casino where house always wins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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