Project Inflation:
You are seeing the reflection of project inflation on the graph that I have been telling you about for a long time. In 2015, there were a total of 8,837 cryptocurrencies in the market, while today there are 16.45M cryptocurrencies.
During the lavish bull season we experienced, this number peaked at 20,521. After that, CMC changed its policies and started displaying newly launched projects without requiring an application. This allowed us to reach 1.1M cryptocurrencies, including those circulating in the DEX side. It was going in a controlled manner until 2024, but with the introduction of #PumpFun on January 19, 2024, this number skyrocketed to 16.45M.
The main architecture of the troubled period we experienced is the graph you see on the screen. There is money to enter altcoins, but there is such inflation that it is divided so much that it circulates in areas where it can be manipulated with lower liquidity rather than entering areas where the community has funds. For this reason, our waiting time is increasing.