Eric Crown Declares 99.9% of Altcoins Worthless, Exits Entirely

Technical analyst Eric Crown says that more than 99.9% of altcoins have no value and that he personally holds none.

Crown laid out his views during a BeInCrypto podcast appearance. He also rejected the chart commonly employed by traders to predict altcoin rallies.

Why One Analyst Quit Altcoins Entirely

Crown explained his stance during an interview with BeInCrypto, where the topic of altcoin holdings was raised.

“No, I don’t hold any altcoins.”

His portfolio is composed of Bitcoin (BTC) and traditional market assets instead. Bitcoin is currently trading around $77,207, down 1.24% on the day.

Crown estimated the failure rate at 99.999%, reiterated endlessly, based on his observations over several cycles. He believes a few exceptions exist, but they remain scarce.

“Most people would be better off just buying boring stuff that compounds year-over-year and not trying to overthink it.”

The Dominance Chart He Ignores

His stance is partly based on a metric Crown views as flawed. Traders monitor dominance to gauge if money is moving out of Bitcoin, but he contends it has failed in that role for three consecutive years.

“I see so many people obsessed with the Bitcoin dominance chart and I just… I don’t understand it.”

“We saw all throughout 2022 to 2025, the Bitcoin dominance chart went to the moon. It was just straight up, straight up, straight up, straight up. But what did we have during that time? We saw the meme coin cycle.”

Dog-themed and AI tokens both generated exceptional returns during that period. Dominance nevertheless increased, reaching nearly 66% in mid-2025 before leveling off around 60%.

The metric's construction further fuels his doubts. Dominance compares Bitcoin's market cap to that of all other tokens, and new tokens are continuously created while Bitcoin's supply is constant. Thus, the denominator expands regardless of whether altseason occurs.

What He Watches Instead

His alternative indicator involves two steps instead of one.

“You should be looking at your favorite shitcoin versus first the dollar… and then look at your favorite shitcoin versus its Bitcoin pairing to figure out if it’s actually outpacing Bitcoin.”

The second step is crucial because a strengthening dollar chart might simply echo a wider Bitcoin uptrend. Crown listed Hyperliquid (HYPE) as one of a few strong performers, and HYPE currently ranks 11th in market capitalization at around $79.61.

Macroeconomic predictions receive similar scrutiny. Crown believes there is no advantage to trading data releases without insider knowledge, so he interprets large-account positions via price action rather than stories.

Wider adoption might still revitalize the metric. If most large-cap coins start passing that second check, the ratio that Crown rejects could regain some worth, a potential outcome that other analysts keep a close watch on.