🚨The FDV (Funds-to-Valuation) of altcoins is one of the biggest illusions of this cycle— According to Memento Research, of the 118 TGEs this year, 84.7% of new coins have fallen below their initial offering price, with only 15% maintaining an upward trend. Most early investors are now facing significant paper losses. Here's a chilling statistic: By 2025, the cryptocurrency market will have over 37 million tokens. What does that mean? The total number of publicly traded companies globally is approximately 60,000-70,000, while the number of cryptocurrency tokens is more than 500 times that. However, money and attention won't increase 500 times. With each new coin, the pricing power of all existing coins is diluted. The reality is that most people only focus on a dozen or so assets, or even just three to five. The remaining tens of millions of tokens have been ignored since the moment the TGE ended. In such a market, almost everyone who makes money by holding counterfeit goods for the long term is suffering from survivorship bias!