So, let me get this straight. In January, we had a record-breaking number of new cryptocurrencies. Over 600,000! I mean, what are we doing here? Are we minting tokens or are we running a token factory?
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View Urgent ForecastAccording to some guy named Bobby Ong from CoinGecko, this is a 12-fold increase from last year. I can’t even keep track of my socks, and these people are launching tokens like it’s a new flavor of ice cream!
“Back in 2022-2023, we were minting around 50k new tokens a month,” Ong said. Fast forward to now, and it’s like a token explosion! 400k new tokens a month? What’s next, a million? I can’t even keep up!
And let’s not forget about these platforms like Pump.Fun. They’re making it so easy to create tokens, it’s like giving a toddler a crayon and saying, “Go wild!”
Gabriel Halm from IntoTheBlock says this is all part of the “natural exuberance of a bullish crypto market.” Natural exuberance? More like natural chaos! It’s like a buffet where everyone’s trying to eat everything at once, and nobody knows what’s good!
And guess what? The established altcoins are just sitting there, looking at their 2021 highs like they’re some kind of distant memory. Analysts are saying we might have a delayed altcoin season. Delayed? More like postponed indefinitely!
TradFi institutions are messing with crypto liquidity rotations
In the past, when Bitcoin would rally, profits would trickle down to Ether and then to altcoins. Now, it’s like a game of hot potato, and nobody wants to hold onto it!
Halm says that traditional finance institutions are changing the game. Great! Just what we need—more players in this already crowded field. It’s like adding more toppings to a pizza that’s already overflowing!
“The emergence of traditional finance institutions will inevitably alter the liquidity rotations seen in previous cycles,” Halm said. Well, isn’t that just peachy?
Ong also pointed out that liquidity fragmentation is the real issue here. Too many tokens, too little attention. It’s like trying to find a needle in a haystack, except the haystack is made of tokens!
At this rate, we could hit a billion tokens in five years. A billion! I can’t even fathom that. What’s next, a token for every person on the planet?
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2025-02-15 15:09