Reported 2 days ago
The increasing number of altcoins exceeding 36.4 million raises questions about the sustainability of 'altcoin seasons' in the crypto market, historically characterized by significant rallies. Analysts indicate that the oversupply of tokens outpaces demand, making prolonged altcoin rallies unrealistic. While low-quality tokens and meme coins complicate investor choices, some still foresee potential in utility-focused altcoins, like Ethereum, amid institutional interest. Only projects with genuine value are likely to survive in this saturated landscape.
Source: YAHOO