Some alt like bnb did hit new ath this year compared with 2021. The only conclucsion I can draw from this pattern is sh*t coins - pow, pos, meme or whatever all bite the dust.
top coins - pow or not usually do well.
People that hold a bag a of small alts will likely end up being bagholders (pun intended).
Sorry, paper hands win over diamond hands. That's the rule when you play rock, paper and scissor. Going back to 2017, 2021 altcoin season. Only a few top alts like eth reached new ath. Most small alts withered and died during altcoin season.
Eth was the champion of POW. So people who mined and held eth did well. People who held other alts, did not do well. This is not new.
POW died with eth going POS. There is no more eth to mine. Well, if you bought eth in 2022 bear market and held until now. you would still have done well. All I'm saying do not hold small alts. They did not do well in 2021 and still do not do well now.
Red fox had this old video from 4 years ago. I still have it in my bookmark. He basically said he wished he did not mine those alts. Watch the first few minutes if you're interested. Top 5 thing he wished he did differently - #1 is mining alts.
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Good post .... and HIVE is also very close there where it can not get up also more... we are very close to be F..k up idea, what has been alive for the last 9 years, just so someone else on top can get rich with other coins...using our values who have been collecting coins for years. .... The funny thing about HIVE coin is that a very small group has huge amounts of liquid coins on their hidden pages on trading pages + they also have large robotized bot pages on the HIVE blogging platform, which leads to a situation where we are being attacked from both sides.. by just a few individual users. We have given last 9 years slow death like a cancer that slowly eats away at the soul. Sorry I say it ... but it is true ... I been 9 years here seen all this shit.