You Think Altcoins Have Bottomed? The Data Suggests Otherwise

According to CryptoQuant, more than 40% of altcoins are currently trading near their all-time lows. In the previous bear market, that figure was just 38%.

When I first saw these numbers, I was genuinely surprised. I’ve long had the impression that the fate of most altcoins is essentially zero. Intuitively, it felt like if you pick almost any altcoin outside the top 300 by market cap, it’s either still in its initial hype phase or - more likely - already sitting at the bottom it will never recover from.

And yet, only about 40% of altcoins are actually hovering near their lows? That’s hard to believe.

At first, I wondered whether CryptoQuant might be looking at a narrow subset of coins. But after reading their full post, that seems unlikely. They mention that there are roughly 47 million cryptocurrencies in existence today, with around 22 million issued on the Solana blockchain alone.

So it appears the claim is about the entire universe of crypto assets: out of all 47 million, only about 40% are near their all-time lows.

Which suggests there may still be plenty of room for the market to fall.

So - patience. And a shift toward more resilient assets. The most reliable cryptocurrencies are always available for exchange at the best rates on rabbit.io.