More Than 40% Of Altcoins Are Hitting Rock Bottom — And Experts Say It's Worse Than The Last Crash

There are now over 47 million cryptocurrencies in existence. That number alone may explain a lot of what is happening to prices of altcoins right now. Related Reading: Bitcoin ETFs Pull In $56B As CEO Pitches Crypto Over Gold Altcoins: A Market Spread Too Thin Blockchain networks have become token factories. Solana hosts more than 22 million tokens. Base accounts for over 18 million more. BNB Smart Chain adds another 4 million on top of that. With that much supply chasing a limited pool of investor money, most of these assets simply cannot attract enough buyers to hold their value. Analysts call it liquidity dilution — capital spread too thin to support the crowd. That structural problem is now showing up in the numbers in a dramatic way. Data from CryptoQuant shows that over 40% of all altcoins are currently trading at or near their all-time lows. More than 40% of Altcoins near All-Time Lows “This is even higher than during the previous bear market, which peaked at ~38%… However, when