The market for altcoins is still strongly influenced by Bitcoin, especially Ethereum. When BTC and ETH are stagnant, most altcoins experience slight declines; once the overall market dips slightly, altcoins crash directly.
If you are still viewing the current market with the mindset of March-April, you might feel that altcoins are completely out of the game, and many people have indeed become disheartened with this sector.
But don’t forget, the U.S. and Wall Street won’t easily give up on the grand strategy of 'monetizing debt.' With ETFs, interest rate policy expectations, grand narratives, and concepts of national competition, the spark of a bull market is still present.
Even in the coldest moments of the market, new hotspots may emerge. I don’t believe that altcoins have no opportunities; rather, the future market will no longer be about 'blooming all at once,' but rather an era of structural and selective growth.