The cryptocurrency market has reached a market cap of over $2 trillion as of September 16. Altcoins have gained around $240 billion in value in the past 12 months. However, new tokens launched in 2024 have generally underperformed. The main reasons for this are seen as distraction and lack of liquidity.

The market dominance of Bitcoin and Ethereum has remained stable despite the increasing number of altcoins. However, individual altcoins have lost value due to lack of attention. Tokens backed by institutional investors have outperformed, offsetting the distraction.

How do you think this could change? Share your thoughts in the comments.