Crypto Market Oversaturation

🌀The surge in digital assets throughout 2024 has hindered the start of an altcoin season. According to CoinMarketCap, as of February 9, the number of registered coins surpassed 11 million, while the total number of created cryptocurrencies reached 37.7 million—an 88.5% increase from the previous year.

🌀Due to market oversaturation, investors must spread their capital across millions of tokens, reducing the capitalization of individual projects. Analyst Ali Martinez believes this could permanently eliminate the possibility of a large-scale altcoin rally.

🌀A rare exception is the TRUMP token, launched by Donald Trump, which reached a $3.5 billion market cap. However, such pumps remain isolated events rather than industry-wide trends. As a result, the likelihood of a full-fledged altcoin season continues to decline each year.