Historically, August has been a tough month for altcoins. In 2023, the altcoin market cap dropped 28% before surging 159%. Similarly, in 2024, it plummeted 40% before rebounding 149%. This year, the altcoin market cap is down 13% from its peak and could potentially decline another 8-10% before hitting bottom. However, based on past trends, a rally is likely to follow, mirroring the patterns seen in 2023 and 2024.

but DYOR always .