$3T Market Cap… Again? The Ultimate Altcoin Reality Check

AshCrypto is pointing out that the crypto market cap is sitting around $3T - roughly the peak of the previous bull cycle that ended in late 2021.

Honestly, it's a surprising comparison to make.

• Bitcoin, which accounts for about half of the total market cap, is trading at a much higher price now than it was back then.
• There are also more bitcoins in circulation today than in 2021. Even that gradual increase in supply has played some role in lifting the overall market cap.
• And altcoins? Their numbers have exploded. In 2021, the entire market consisted of maybe tens of thousands of assets. Today, we're talking about millions - pump.fun alone has been launching thousands of new tokens per hour.

Yet, despite BTC being higher and supply growing, the total market cap hasn't moved. That means altcoins must have taken an absolute beating to offset all of this.

If these numbers make you think it's high time to swap altcoins for bitcoin - rabbit.io is here for you.