Current Sentiment of the Crypto Market

Currently, the crypto market is going through a critical moment. It seems that it is not getting its balance back in any way. And this special event is happening only in the case of altcoins. Dollars are constantly being removed from the market cap of altcoins little by little. Due to this, the dominance of Bitcoin is increasing.

Although Bitcoin can keep its price stable, it is not possible in altcoins in any way. I would like to highlight a few points as the reason for this. One of them is the pump and dump of new coins. By pumping and dumping new coins, big whales have made the crypto market a gambling market. Due to this, the rest of the investors are losing confidence in altcoins.

To stabilize the crypto market, it is necessary not to launch any new coins at this moment. And to increase the real-life utility of all the exiting coins. By doing this, everyone's confidence in altcoins will return and the crypto market will regain its momentum.