Altcoin Apocalypse? 🤯 - Price Prediction

So, apparently, these ‘analysts’ and ‘traders’ (aren’t we all just guessing at this point?) are having a right old barney about whether the altcoin party is officially over. You know, that fleeting moment when all those non-Bitcoin things get a bit of a glow-up. ✨

Historically, these ‘altseason’ shenanigans involve some pretty impressive price jumps for anything that isn’t Bitcoin. Fancy that.

Back in the day, like 2017-2018 – *ancient history*, I know – it was all big hair and even bigger gains. We’re talking Ether, XRP, Litecoin… basically a who’s-who of crypto’s early adopters getting very, very smug. I bet they never thought they’d have to worry about taxes. 😜

But now, Mr. Know-It-All Ali Martinez is saying that the sheer *quantity* of these altcoins makes the possibility of another big boom look about as likely as me getting a decent night’s sleep.

“There’s like, *36.4 million* of the little blighters now,” he chirps on X, using some fancy chart data. “Compared to, like, *way* fewer back in the day. The market, it has *changed*.” No duh, Sherlock. 🙄

Too many cooks in the crypto kitchen

And then there’s Alex Krüger, the economist, who is all like, “Yeah, no kidding! There are too many tokens! And more are coming! Supply is *way* bigger than anyone’s need for yet another slightly different digital coin.” Which is a bit like saying there’s a lot of water in the ocean, isn’t it? He predicts alt seasons will now be, like, a flash in the pan. A few days? Maybe a week, tops? How exciting. 😒

He also points out, very helpfully, that picking a winner is now basically impossible. Which is great for my anxiety levels, thanks. “It’s like trying to find a decent parking space on a Saturday,” he said, probably to a bunch of glazed over faces.

“Being a good coin picker is now very hard. Just as being a good stocks picker is also very hard.”

And then there’s Ash Crypto (yes, really), who is blaming it all on the memecoins and other low-quality rubbish. I can’t even with the dog ones, honestly.

“The market is diluted!” he cries. “Exchanges are only listing memes to make a quick buck! Retail investors are losing their shirts! It’s a *mess*!” I mean, did anyone think this wasn’t going to be a bit of a dumpster fire? 🔥

Meanwhile, Ki Young Ju, from CryptoQuant, thinks most of the altcoins are going to die, basically. “Only the strong ones with something useful to offer will survive,” he says, all dramatically. Which is probably fair enough.

And just when you thought things were properly depressing, Bitcoin goes and doubles its market cap since 2021! Look at that show-off. All the while the altcoin market is 15% below its peak. Bless its cotton socks.

Maybe, just maybe…

But wait! Not everyone’s a doom goblin.

Michaël van de Poppe thinks that some of these “utility-focused” coins might actually get some attention from the big boys – the institutions. He thinks Ethereum might even lead the charge. Apparently it’s “the most hated rally of 2025”. Which, knowing how this all works, makes it slightly less hateful. 🤷‍♀️

2025-01-26 16:37

Too many cooks in the crypto kitchen

Maybe, just maybe…

Read More