Market saturation with over 36 million tokens slows down altseason.
Meme coins dominate exchanges, pulling liquidity away from quality projects.
Institutional focus on Bitcoin and Ethereum delays altcoin growth.
The long-awaited altseason, when altcoins outperform Bitcoin, seems to be on the back burner despite Bitcoin posting several all-time highs. It has caused many traders to wonder why the altcoins did not rally.
As much as altseason was delayed, rather than cancelled the explanation behind the flip has something to do with understanding the marketplace currently.
Market Dilution Slows Altseason
The number of tokens in circulation has increased exponentially. In 2013-2014, there were merely about 500 tokens. In 2017-2018, there were already about 3,000 tokens.
In 2021, there were already approximated to be about 300,000 to 3 million, and now there are already over 36.4 million tokens in circulation, and the projections are that there will be 100 million in the fu
We współpracy z: https://thenewscrypto.com/is-altseason-delayed-or-cancelled/
