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"Over 36 million altcoins strengthen Bitcoin's position," analyst says

2025/03/23 18:52 (Updated 2025/04/17 06:02)
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Written by Lewis Kikutani
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"Over 36 million altcoins strengthen Bitcoin's position," analyst says
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  1. "Alto season canceled forever."

"Alto season canceled forever."

Cryptocurrency Bitcoin analyst Jesse Myers has published a detailed analysis of the possibility that the altcoin market has been "cancelled" forever. According to Myers, there are currently more than 36 million altcoins, but this explosive increase in number is actually strengthening the dominance of Bitcoin (BTC).

According to the data presented by Myers, the "explosion of new altcoins" that began in 2021 has expanded rapidly, centered around Solana (SOL), and as of March 2025, the total number has reached more than 36 million. With this huge number of tokens in the market...

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