TechFlow News, February 15 — According to Cointelegraph, activity across multiple major public blockchains has significantly declined compared to their 2021 peaks, indicating that the current altcoin market remains in a speculative phase. The total market capitalization of altcoins excluding the top ten cryptocurrencies currently stands at $277 billion, down 77% from its peak of $492 billion in November 2021.
Nicolai Sondergaard, analyst at Nansen, noted that the rise of meme coins—which have drawn substantial investor attention and capital—could delay the broader altcoin rally. "The altcoin season will still come, but it may look different this time. With more tokens available and greater fragmentation, while many will rise, specific sectors and tokens are likely to outperform others by a wide margin."
Marcel Kazmierczak, co-founder of Redstone, added that for some altcoins, price increases have not been accompanied by growth in active addresses, further signaling that the market remains speculative and has yet to enter a stage of widespread adoption.
