The cryptocurrency market is facing challenges due to a dramatic increase in the number of tokens. As of January 2025, there are over 36.4 million crypto tokens in existence, a stark contrast to fewer than 500 tokens in 2013-2014 and under 3,000 in 2017-2018. Analysts suggest that this oversupply is diluting the market, making it difficult for altcoins to rally as they did in previous years. Expectations for future altseason events have shifted, with predictions that they may last only weeks rather than months. The influx of low-quality projects and meme tokens is further complicating the landscape, leading to concerns about the viability of many altcoins. Some analysts emphasize the need for investors to be selective, as only a few altcoins are likely to outperform Bitcoin in the current environment. Additionally, there are indications that upcoming token launches may need to be reconsidered due to saturation in the market.