This was not very common before 2019 indeed. The years 2017-2018 was somehow very good years for altcoins. Those were also the years when the ICO craze was still very much alive. Crypto investors were still very much excited and bullish on crypto projects that was why hundreds of millions in investments were pouring in. Upon listing of new altcoins on exchanges, volumes would almost instantly rise.
Years after however, there seems to be nothing productive that came out of it. That was one big hollow trend. The beginning of the end then followed and the trust from crypto fans and investors started to fall down. And then altcoins slowly died, one after another. Volumes were lost, developments were not seen, even project team developers were slowly exiting.
What we are seeing now is but the aftermath of this, the lost of interest and trust in altcoins.
The ICO craze worked and ended up the same way any other stock craze does: the rich and experienced end up with more money while the weak traders and FOMO hunters ended up emptying theirs.
Nothing productive came out ot the ICOs because it was just a cycle that couldn't go on forever. It was something that many knew had to stop but only few took the right actions. A ton of money has been poured in DeFis as well in the past month, how do you think this will end?
I have obversed that most coins listed this days on certain exchanges are without volume, that is, illiquid.
It is very clear that this situation was not common found before 2019.
What could be the reasons for this abnormalities. Your thoughts.
Actually, there were a ton of coins before 2019 that had zero volume and no liquidity. I still have a few of them I never got to sell - they're still on some exchanges, but have under $10 volume per day lol. Some of the exchanges hold these coins on there because: 1. the exchange has volume so low they care about every little volume a shitcoin could generate; 2. the shitcoins' devs have paid money to have them listed or 3. the said exchange just doesn't care.