Gate News message, on March 31, CryptoQuant analyst Darkfost’s data shows that more than 40% of altcoins’ current trading prices have already touched or are approaching historical lows. This proportion exceeds the previous bear-market peak of about 38%. The cryptocurrency market continues to be affected by escalating geopolitical tensions, and altcoins are hit especially hard. Darkfost points out that the sheer number of cryptocurrencies directly leads to liquidity dilution, making altcoins increasingly fragile. The data shows that there are currently about 47 million cryptocurrencies in circulation worldwide, including 22 million on the Solana platform, more than 18 million on the Base platform, and 4 million on the BNB Chain as well.
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