The oversaturation of the cryptocurrency market with new digital assets in 2024 prevented the start of the altcoin season, which is characterized by an explosive growth in the rate of many coins.
On February 9, the number of virtual currencies registered on the Coinmarketcap website, exceeded 11 million. According to Dune service, as of February 1, 2025 was released 37,7 million unique cryptocurrencies. In February 2024, the number of created coins was 20 million, respectively, this figure increased by 88,5% over the year.
Growing number of unique digital assets
Cryptocurrency creators have to fight for limited capital, so increased competition leads to investment dilution. Instead of investing in a few dozen existing digital assets, members of the crypto community buy millions of different coins and thus reduce the capitalization of individual cryptocurrencies.
Analyst Ali Martinez admits , that due to the market oversaturation with new tokens, the altcoin season will never start again. To start a bull rally, large cash injections into several cryptocurrencies at once are needed, which have become impossible due to the emergence of new coins that attract attention. These include, for example, token Official Trump (TRUMP), issued by US President Donald Trump, has risen in price tens of times and having reached capitalization level of $3,5 billion.
Drawing an analogy with TRUMP, we can assume that the pump will be local in nature, affecting individual cryptocurrencies. In this case, traders should forget about the altcoin season, during which the moon happens in the markets of many digital assets. Moreover, the probability of a mass bull rally decreases over time, because the number of cryptocurrencies is growing rapidly.
