According to TradingView data, the total market capitalization of altcoins (excluding Bitcoin) is $1.44 trillion. This represents a decline of 2.56% from recent highs. The overall market cap soared from $1 trillion in April to nearly $1.6 trillion in July. However, the trend has reversed since then. Cryptocurrency analyst IncomeSharks points out that altcoins have an upward trend, but the momentum is slowing down.
