In the 2020/2021 cycle, the number of available altcoins was relatively restricted, limited to a few hundred projects. In contrast, in the current cycle, the market shows exponential expansion, surpassing the mark of 1 million altcoins. This excessive proliferation of tokens compromises the likelihood of a comprehensive altseason occurring, as liquidity and interest tend to concentrate on a reduced number of coins with solid fundamentals.
In light of this scenario, the selection of assets with appreciation potential becomes significantly rarer and dependent on random factors, increasing the risk of poor choices. Consequently, the probability that most investors will face continuous losses is substantially elevated, reinforcing the need for rigorous analysis and risk management criteria.