Investors who took orders at a high level in the last round of bull market have most likely become the dust of time. Only by buying Bitcoin can we become friends with time.

The total market value of altcoins has shrunk by $204.3 billion from the peak in 2017.

IOTA, the ten-thousand-fold currency that made the space wing earn 1 billion yuan, was as fragrant as it was in the past, and it stinks as it is today.

The founder of digital asset exchange Bitstamp called XRP "toxic waste" and Bitcoin's forks, XLM and LTC, "piles of garbage coins."

EOS, which has not survived a complete bull and bear, has become a martyr, and the time left for Polkadot is only two or three years.

At the end of the bull market in 2017, the top 10 cryptocurrency market capitalizations are:

1. BTC ($237.2 billion)

2. XRP ($86.1 billion)

3. Ethereum ($72.8 billion)

4. BCH ($43.2 billion)

5. ADA ($18.1 billion)

6. LTC ($12.8 billion)

7. MIOTA ($9.9 billion)

8. XEM ($9.3 billion)

9. DASH ($8.3 billion)

10. XLM ($6.4 billion)

This Monday (January 18), the top 10 by market capitalization are:

1. BTC ($672.3 billion)

2. EHT ($139.7 billion)

3. USDT (25 billion USD)

4. DOT ($16.9 billion)

5. XRP ($12.7 billion)

6. ADA ($11.8 billion)

7. LTC ($9.5 billion)

8. LINK ($9.1 billion)

9. BCH ($9 billion)

10. BNB ($6.8 billion)

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oneThe sum of TOP10 market value increased by 408.7 billion US dollars

Compared with the two rounds of the bull market, the sum of the TOP10 market value increased by US$408.7 billion this time, from US$504.1 billion to US$912.8 billion, an increase of 81%.

However, the main driver of the increase in market capitalization came from Bitcoin, which increased by $435.1 billion, and none of the nine altcoins other than it reached a new high.

This means that investors who took orders at a high level in the last round of bull market have a high probability of becoming the dust of time, and only by buying Bitcoin can they be friends with time.

From a macro perspective, you will find that the current total market value of encrypted digital currencies has increased by US$224.1 billion from the peak of the bull market in 2017, which was US$816 billion.

But at the same time, the total market value of altcoins is only 342.5 billion US dollars, which has shrunk by 204.3 billion US dollars from the peak market value of 2017 (546.8 billion US dollars).

What does this mean?

The iron-clad Bitcoin is not low-key and powerful.

The rivers and lakes of altcoins are full of corpses.

However, there is a fact that cannot be ignored: individual altcoins do outperform mainstream currencies in the bull market.

The premise is that you can find and hold it.

It is already difficult to choose from 6,000 to 7,000 digital currencies. If it is required to hold positions patiently, I suspect that it is deliberately embarrassing. After all, most people’s thinking is "throw it away when it has risen."

What are investors most afraid of?

1. The bull market is coming, but the coins are not held;

2. The bull market is here, the counterfeit coins like old wine are still there, but the money is gone.

If you make a mistake, do you want to stop the loss?

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twoXRP's market value has shrunk by 85%

XRP, once the second largest cryptocurrency, ran out of luck in the last round of bull market. The market cap fell by 85% from $86.1 billion to $12.7 billion.

In this round of bull market, once again encountered a hurricane.

The SEC's slap directly confuses investors.

XRP has become the worst-performing mainstream currency in this round of bull market, rising only 21% in the past year.

At the time when Bitcoin was making great strides and Salted Fish Coin turned around, XRP investors silently shed sad tears.

Ripple is said to be trying to reach a settlement with the SEC, stating that "central banks can issue stablecoins on XRP's blockchain network (XRPL)."

transformation? I'm not too optimistic.

First, in the stablecoin market, USDT has an obvious monopoly position, and the algorithmic stablecoins ESD, DSD, Basis Cash, FRAX, etc. are competing for splendor;

The second is that even if financial institutions issue stable coins on XRPL, it will be a long way for Ripple to build an ecosystem.

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threedisappearing list

In the last round of bull market, MIOTA, XEM, DASH and XLM, which ranked in the TOP10 list, were squeezed out by other cryptocurrencies.

1、MIOTA

IOTA is a well-known Internet of Things blockchain project in Europe. The token IOTA (MIOTA) was once famous for its ultra-high return rate of 10,000 times. The peak market value was 14.6 billion US dollars, and now it is 1.2 billion US dollars, which has shrunk by 91%.

In 2015, the crowdfunding of the IOTA project raised 1,300 bitcoins (about 3 million yuan), and each IOTA was 0.001 yuan.

"Shenzhen legend, the unique currency circle Dakongyi" took the only 100,000 yuan, and studded in.

Passion will always be poured cold water.

From the end of 2015 to June 2017, IOTA has been "cheap". Most of the investors have chosen to withdraw, and only Dakong Yi and Jimmy, the head of the IOTA Chinese community, are the only domestic participants who can hold IOTA all the time.

With the unprecedented popularity of ICO, IOTA skyrocketed to a maximum of 5.25 US dollars (about 36 yuan), an increase of 36,000 times.

Space Wing Stud's 100,000 yuan has become 3.6 billion yuan, and he became famous in the first battle.

In 2018, IOTA was also regarded as a competitor of Ethereum with ADA, NEM, Tron, and Stellar Lumens, with a bright future.

IOTA believes that using something called The Tangle can solve the impossible triangle problem of the blockchain (decentralization, scalability and security cannot be satisfied at the same time).

The idea is beautiful, but the reality is slap in the face.

Although the project has carried out data cooperation with some large enterprises, its own progress is slow, especially the realization of smart contract functions.

In addition, companies targeting the Internet of Things market, such as Xiaomi, Huawei, Ali, etc., which one is not a big boss, can imagine how fierce the competition is.

In February of last year, IOTA’s TRINITY wallet was hacked through a vulnerability, resulting in a loss of $1.6 million.

The current price of MIOTA is US$0.46, a sharp drop of 91% from the previous high of US$5.25. This is a salted fish that even a bull market cannot bring it back to life.

Perhaps, every stinky salted fish used to be full of fragrance.

Space wing, after all, is a small probability event.

Altcoins, a stumbling block to wealth.

2、XEM

XEM is NEM's platform token, written in Java, providing an adaptive API interface that can be used with any programming language.

NEM pioneered and adopted Proof-of-Importance technology, which is specially designed for enterprises to provide a simplified method to maintain a secure transaction ledger, known as the first "smart asset blockchain" .

In the past year, XEM has outperformed Bitcoin. However, its current price of $0.24 is down 87% from its peak price of $1.87.

A thousand-mile horse that appears in a short period of time may turn into a donkey after a long walk.

However, unlike IOTA, the market value of NEM is more than twice that of the former, and it has shown great strength so far. The project partners are all over the world, with their own ecology, as well as the venture capital institution NEM Ventures, whose projects include Ample, Wave, IoDLT, etc.

3、DASH

Who would have imagined that DASH, once priced at $1,493, is now only worth $130, less than a tenth of its peak value.

Even so, DASH is still one of the three giants of privacy coins, the other two being XMR and ZEC.

XMR is active on the dark web and is currently the only one with real usage scenarios. ZEC is a recognized technical research style, and its greatest contribution to the blockchain world is to make the concept of "zero-knowledge proof" deeply rooted in the hearts of the people.

As for DSAH, it is more popular in Venezuela, where legal currency is as cheap as paper and there is hyperinflation, and it has been recognized by more than 2,000 stores there...

It's hard for me to like you like this.

4、XLM

Speaking of XLM, it is inevitable to mention Jed Mc Caleb. Ripple, Stellar Lumens, Mentougou, and eMule are all his entrepreneurial projects.

In 2012, Jed founded Ripple with the aim of attacking SWIFT, the main service provider for cross-border settlement between international banks at that time, so that currency transfers can be as cheap and convenient as sending emails.

XRP is also very good. It is the first cryptocurrency to enter the mainstream financial industry. It serves more than 200 banks and financial institutions such as Standard Chartered.

However, it is said that in order to knock on the door, Ripple gave these institutions a large amount of XRP to play a publicity effect.

Later, Jed had a strategic disagreement with the CEO and was voted out by investors.

In 2014, Stellar was born.

Since XLM was created based on the Ripple protocol, and its technology and positioning are relatively similar, it is not surprising that it is regarded as a "little XRP".

However, it is worth mentioning that as XRP was delisted by a large number of exchanges, XLM attracted a lot of attention and was included in the grayscale product category.

What's more interesting?

The founder of digital asset exchange Bitstamp called XRP "toxic waste" and Bitcoin's forks, XLM and LTC, "piles of garbage coins."

“These are toxic assets captured by regulation, and they go against everything that keeps me in crypto,” he said.

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Fournew star

The waves behind push the waves ahead, and USDT, DOT, LINK, and BNB have become new stars.

1、USDT

One of the biggest changes in the last year has been the skyrocketing demand for stablecoins in the crypto world. Among them, USDT has exceeded 20 billion U.S. dollars, accounting for 75% of the U.S. dollar stablecoin market.

Why the market needs a large amount of USDT is likely to be the demand for retail transactions.

On the one hand, the entry of institutions has become one of the driving forces of the big bull market, but institutions will not directly trade Bitcoin or use any other stable assets through USDT. For example, when investors purchase GBTC, a Grayscale product, they either exchange it for Bitcoin or buy it with cash.

Secondly, the high trading volumes displayed by USDT and USDC are retail trading volumes.

Glassnode data shows that since the beginning of last year, the number of active Bitcoin addresses has increased from 520,000 to 1.2 million, and the number of new addresses has increased from 270,000 to 600,000.

The bull market has attracted retail investors, and retail investors have made USDT and USDC.

It is also worth mentioning that whether the legal and regulatory issues of Tether and Bitfinex will cause USDT to end the initial bull market and fall to the altar, only time will be answered. If Tether is subject to a comprehensive account regulatory review or asset freeze again, it may be bad news for the entire cryptocurrency community.

2、DOT

DOT can be described as rising like a rainbow, rising 4.5 times in 5 months. The total market value is 15.5 billion US dollars, which is one tenth of that of Ethereum.

Polkadot can develop so rapidly, thanks to Ethereum for giving the opportunity.

In order to solve the much-criticized capacity and efficiency issues, Ethereum 2.0 was upgraded. However, upgrading is not about eating, you can fill your stomach a little with a few bites, but it is not easy to turn the "giant wheel". According to estimates, a complete upgrade will take 2-3 years.

During Tiger's nap, Polkadot launched a challenge as a subversive innovator, and launched an Ethereum-compatible Plasm Network, which allows Ethereum developers to migrate to Plasm without any problems.

As long as the hoe is swung well, there is no corner that cannot be dug down.

Today, Polkadot has become the most active community of developers in the world, with 338 ecological projects (second only to Ethereum).

Polkadot's challenge to Ethereum is different from Papa Ma's contacts, Lao Luo's bullet text messages, and the artifact Tantan Sanying's battle with Lu Bu (WeChat). It is something to look forward to.

However, there is a voice that believes that Polkadot is just another species that has been hyped from China.

First, the Polkadot ecology is mostly imitation disks, and there is a mixture of fish and dragons. Compared with the highly competitive DeFi ecology on the Ethereum public chain, it has not shown competitiveness for the time being.

Second, the popularity of EOS super node elections in previous years is only strong but not weak compared with Polkadot parachain slot auctions.

Third, EOS, which has not survived a complete bull and bear, has become a martyr, and the time left for Polkadot is only two or three years.

Whether Polkadot will become the next EOS or ETH is worthy of gossip.

3、LINK

The token LINK of Chainlink, the leading oracle machine, has risen more than 10 times since March last year, and is one of the best performing assets.

However, after comparing several data, I feel that "LINK is weak."

1. In the past year, the amount of locked positions in DeFi has increased from US$830 million to US$24.3 billion, a 28-fold increase.

Second, Chainlink’s partners Aave, yearn, etc. are even more impressive.

Third, API3, Chainlink’s strong rival, has recently slapped LINK in price increases.

Of course, the fact that Chainlink is very capable cannot be ignored. After all, customers such as Binance, Huobi, CoinGecko, etc. are all bigwigs.

In addition, data shows that more than 81% of Links are held by the top 1% of addresses, which is a positive signal.

4、BNB

As the saying goes, when a bull market comes, brokerages go first.

As the leader of centralized exchanges, BNB's performance is actually not particularly outstanding. From March last year to the present, it has only increased three times, which is half of the increase in the broader market.

Of course, if the time is prolonged, BNB has indeed gone out of the market nearly 400 times, rising from $0.11 to a maximum of $45.6.

The question is, how much can the epic market in 2017 have?

We know that the performance of securities companies is often related to the market atmosphere, and Binance cannot escape this circle.

Many people have speculated on coins for many years, and finally fattened the platform.

Summary of the above:

1. Ordinary people are constantly chasing popular altcoins and trying to catch dark horses. It is better to honestly recognize that they are not capable of this. Isn’t Bitcoin popular?

2. Hypnotize yourself and let yourself believe that "your coin will eventually be like a gray wolf, and it will definitely come back", it is better to stop doing wrong things. When your hair wants to fall out, you can't stop it.

3. Time is the life and death trial ground of the project. Where there is prosperity, there must be decline, and we must plan ahead.