The growth in the number of cryptocurrency tokens significantly outpaces the value they generate and poses a serious problem for the entire industry, says Blockworks founder Michael Ippolito (Michael Ippolito). He shared his analysis in a series of posts on social media platform X, where he illustrated the situation with six charts. The overall market capitalization of cryptocurrencies appears confident, but the picture changes when you dig deeper.#GateSquareAprilPostingChallenge

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