Perhaps the crypto market will no longer have a season of altcoins. Why do I say this? Just look at a set of data:
By 2025, the number of tokens will exceed 50,000,000. This is 30 times higher than the peak in 2021.
However, the market capitalization is 300 billion dollars lower than the previous cycle. The supply and demand relationship has been completely broken. The market is flooded. At one point, more than 50,000 new tokens were launched in just a few days.
The altcoin season will die due to dilution.
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