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This is a familiar story for those who have been in crypto for a while. Bitcoin crashes, rebounds, and a few altcoins follow after. Yet, that small- or medium-cap crypto with promising fundamentals never followed through.
The question investors won’t say aloud: Why did my token never catch the recovery bid?
The answer has less to do with the coin’s fundamentals and more to do with how crypto’s microstructure has fundamentally reshaped itself.
The “investable altcoin market” has contracted into a…
