PiCK
40% of altcoins near all-time lows… structural weakness deepens as liquidity fragments
Summary
- An analysis said more than 40% of altcoins have reached or are near all-time lows, exceeding the roughly 38% seen in the previous bear market.
- It noted that among about 47 million crypto assets, tokens issued mainly on Solana, Base and the BNB Chain account for a large share, and that excessive token supply is exacerbating liquidity fragmentation and structural weakness.
- It added that while such extremely weak-performance phases can offer attractive opportunities with careful selection, a selective approach toward resilient projects is important.
Forecast Trend Report by Period
As geopolitical tensions in the Middle East and broader macro uncertainty persist, analysis suggests the altcoin market (crypto assets other than Bitcoin) is seeing its structural downtrend intensify.
On the 30th, a Darkpost analyst, citing a CryptoQuant Quicktake report, said, “More than 40% of altcoins have reached or are close to all-time lows,” adding that “this is higher than the roughly 38% recorded in the previous bear market.”
The analyst continued, “Altcoins are under stronger pressure this cycle than ever before,” noting that “not only the macro backdrop but also structural market factors are weighing on them.”
The report said there are currently more than 47 million crypto assets in the market, and estimated that around 22 million of them were issued on Solana, more than 18 million on Base, and 4 million on the BNB Chain. The analyst pointed out that “this excessive token supply disperses liquidity and makes altcoins increasingly fragile.”
Still, the analyst said, “Such extremely weak-performance phases can offer attractive opportunities if selected carefully,” adding that “a selective approach focused on resilient projects is important.”
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
