Too many tokens? Analysts argue oversupply could end altcoin season
With 36.4 million tokens flooding the market, analysts question whether altcoin seasons are a thing of the past.
Cryptocurrency analysts and traders are debating whether an altcoin season — a period when alternative cryptocurrencies outperform Bitcoin in the market — is over.
Historically, altcoin seasons have been marked by significant price rallies for non-Bitcoin cryptocurrencies.
In the 2017-2018 cycle, the altcoin market experienced its most explosive growth, with coins like Ether (ETH), XRP (XRP), and Litecoin (LTC) posting record-breaking gains.
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Author: Mehab Qureshi
