In my opinion, many still don’t fully understand why most altcoins are struggling right now, and why almost nothing is happening in the majority of projects.

The reason is simple and not a mystery. If we set aside the majors (which have their own dynamics and indeed might be influenced by the so-called "invisible hand"), the rest of the market consists of hundreds and thousands of participants, founders, and teams, not connected with each other, but rather competing. Like everyone else, they focus on what’s happening with BTC and are waiting for favorable market conditions.

They also fully understand that any marketing efforts and budget injections only make sense and have lasting impact with development potential that the market can support, but only when BTC is strong and stable.

As soon as that happens, we will witness how selected projects with strong teams, which seemed lifeless just yesterday, will suddenly turn into pump machines at the snap of a finger.