Altcoin market capitalization faces a life-or-death test, with the top 10 cryptocurrencies accounting for a combined 82% market share.

According to a report by Bijie Network: Based on data from CryptoRank, currently over 82% of the total market capitalization of altcoins is concentrated in the top ten tokens, marking one of the highest levels in recent years. Analysts point out that this indicates investors tend to favor highly liquid leading projects during periods of market uncertainty, thereby limiting the flow of funds to smaller-scale projects. Chainlink (LINK), Toncoin (TON), and Avalanche (AVAX) are considered strong contenders for joining the top ranks due to their roles in the infrastructure sector and their large user or institutional user bases.