Recently, those older mainstream altcoins in the market are no longer in a state of 'sideways consolidation'; they have completely laid flat, with heat returning to zero, and the project teams have collectively gone silent. Prices feel like a throwback to the bear market of 2019, with hardly any transactions on-chain.
Liquidity is gone, the buyers are missing, and the sector has entered a 'death spiral' state.
Many people are still fantasizing about some 'altcoin ETF' or a 'return of the bull market,' but don't forget:
Even if an altcoin ETF is approved, from submission to implementation, and then to market recognition, it will take at least one cycle through a black hole. Can these coins hold on until then? Just telling old stories won't support coin prices.
What we should really be cautious about is:
Without market sentiment, there will be no new entrants.
Without a profit-making effect, hot spots can only be replaced again and again.
Once a new narrative emerges, cold sectors are directly abandoned by traffic.
What you should be asking now is not 'Can it still rise?' but rather: 'Does it still have any meaning for existence?'
Don't get the rhythm wrong: a bull market doesn’t benefit everyone equally; it’s survival of the fittest. The real crisis for altcoins is not a price halving, but rather - they can’t even come up with a story worth sharing anymore.
So wake up, brother:
Just because you can hold it, doesn’t mean you can wait for that rebound. What you’re holding may not be an opportunity, but loneliness.
Let's talk in the comments: what 'mainstream' altcoins do you still have that haven’t moved in a month? Let’s identify together if it’s cooling off or if they’re dead.
