Analyst: The current price of 40 per cent of the Yamaya coin hovers near the lowest point in history

On 8 July, according to a letter from Cripto Quant analyst Darkfost, 40 per cent of the Yamaki coin is currently being traded near the lowest price ever. This is today's data, and it reflects the cruel reality of all the projects that chose to issue the coin. More precisely, I have produced this graph to show the Yamaya coins whose prices are below 25 per cent of the historical highest price (ATH). The market is now at an extremely vulnerable stage. When bitcoin fell again by $60,000 at the end of June, the proportion even rose to 45 per cent. It needs to be recognized that the encryption market has changed. Today, CoinMarketCap statistics show that there are about 53.5 million encrypted currencies in the market and about 60,000 new projects are born every day. Without strong new liquidity to market, it is easy to understand why most encryption projects will eventually fail. Investors must now be more careful in sifting out projects of their own involvement and remain highly selective。