There are (as of now) 14029 cryptocurrencies listed in coinmarketcap.com.
A case has been made (repeatedly) for the existence of a bubble in the cryptocurrency market.
Yeah, I understand cryptocurrencies are volatile, high risk investments. But, are you guys expecting a market crash anytime soon?
A price crash is always to be expected.Multiple bubbles have been formed in the past and more price bubbles will be formed in the future.I'm not talking about the cryptocurrency market only.All financial markets are forming price bubbles in one way or another.There's nothing wrong with that.You should blame the central banks and their endless money printing for the formation of price bubbles.
There's nothing wrong with having a price crash.Price crashes are a way for the markets to return to a healthier condition.
There are 14029 coins and tokens listed on coinmarketcap,but 99% of them are dead shitcoins with almost no daily trading volume.
The large quantity of shitcoins/tokens has nothing to do with any upcoming potential price crash,since most of them aren't active at all.