Since the beginning of the year, approximately 38 billion USD in total Stablecoins have been minted.
It's nice to have more money minted, as it can be used to pump into the market.
However, the problem is that the number of coins is also increasing rapidly. Binance has listed a bunch of coins, alpha a bunch, not to mention other exchanges also ido a bunch more.
This means that this amount of money will need to be evenly distributed among all of them.
A scenario I consider quite likely is: The coins listed in the 2023-2024 period will fall into oblivion. Many coins that once made waves like $ALT $DYM $PIXEL $PORTAL $ACE ... will become deadcoins.
It's understandable, the coins mentioned above are entering a hyperinflation phase when it's time for vesting for Dev groups, VCs ... Instead of trying to gather to push, choosing to dump and then make new coins is a much better choice.
Making new coins is both trendy, timely, and easier to push when you can control the supply.
So if you determine to get back in, you should choose either old coins that are still active, like $LINK or $ETH, which are not bad. If you don't like those with too large a market cap, then you should go for newly listed coins. Watch for a bottom in 1-2 months and scoop them up.
If you're still holding from last year, you should decisively restructure, choose a new civilization, and avoid holding in vain!
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