Altcoin Sector Faces Crisis as 40% Trade Near All-Time Lows

Almost 40% of altcoins are trading close to their all-time lows, reflecting one of the weakest periods for the sector in recent years.

This comes as the cryptocurrency market has faced intense pressure over the past few months, with Bitcoin continuing to dominate investor interest while most altcoins struggle to keep up.

The oversupply of new tokens and lack of fresh demand have pushed many projects' prices lower, with some struggling to build useful products or active communities.

Experts believe that future recoveries may only benefit quality projects with strong fundamentals, rather than a market-wide rally for the entire altcoin sector.