TechFlow News, July 08, CryptoQuant analyst Darkfost stated that currently about 40% of altcoin prices are in a range close to historical lows, reflecting that a large number of token issuance projects are facing significant pressure. His statistical methodology is: prices below 25% of their all-time highs. When Bitcoin fell below $60,000 in late June, this ratio once rose to 45%.
He pointed out that the structure of the current crypto market has changed, the number of crypto assets listed on CoinMarketCap has reached about 53.5 million, and approximately 60,000 new ones are still added daily. Against the backdrop of a lack of strong incremental liquidity, a large number of crypto assets may struggle to sustain, and market participants need to screen allocation targets more prudently.
