Over 10% of altcoins have disappeared in the last two months due to failures, scams, and liquidity issues in the market.
The cleaning out of weaker projects is seen as a 'natural selection' process in the crypto industry, paving the way for sustainable growth.
Altcoins restructuring or migrating to new networks are now predominantly focused on enhancing long-term sustainability, which in turn boosts market confidence.
The market cleanup is shifting focus towards projects with solid foundations and real value, promoting a more sustainable and stable crypto industry for the future.