Is this a bad time for altcoins?

[int03h]

The crypto market needs rallies like these. This is our chance to see bad projects sink and really great ones emerge. This purge also made people aware of cryptocurrencies and technology visibility. It's time for cryptocurrencies to be invested with a more careful, professional attitude.

[deathcode]

The crypto market needs rallies like these. This is our chance to see bad projects sink and really great ones emerge. This purge also made people aware of cryptocurrencies and technology visibility. It's time for cryptocurrencies to be invested with a more careful, professional attitude.

that's quite reasonable. because the hype and the big pump are already happening it makes people invest in the crypto market without knowing how this market works.
with the correction taking place, of course, there will be better thinking for those joining the crypto market.
we can see serious projects with development and those who are just taking advantage of the market hype momentum.

[Bitcoinjheta]

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

It's so strange to imagine how this meme coin is in demand in crypto world compared to those real use cases. It's a big advantage for the coin being hyped by famous celebrity or influencer because some people will do less research of coin due its big impact to the market. This is the reason why meme coin now is going crazy.

[FFrankie]

When bitcoin goes up the alt coins follow generally. It might be a bad time to invest at an ATH if you don't wanna hold. But the past year has been a sign that crypto is here to stay for the rest of our lifetime

[Dr.Osh]

well, the price of meme coin especially Doge went up high because the investor is the richest person, and the owner of the Tesla company. Well, maybe there are many projects with good benefits, but that's not enough to attract big investors. however, people sometimes follow in the footsteps of already successful people to get the same success. Besides that, not all meme coins have high pump prices. Well, at least, that's what I think at the moment.

[asriloni]

This is our chance to see bad projects sink and really great ones emerge.

It won't happen dude. The altcoin gets dumped but when some bad projects already dead and then the creator of thse dead projects will be creating a new one with the different name. the bearish market means nothing for the people but we can hope that people will always try to pick the legit altcoin instead of send their money to the garbage tokens.
This time altcoin lose against the bitcoin dominance.

[raes]

When bitcoin goes up the alt coins follow generally. It might be a bad time to invest at an ATH if you don't wanna hold. But the past year has been a sign that crypto is here to stay for the rest of our lifetime

and that means as long as we have patience and choose the right assets. then the investment at the ATH price can be achieved again. It all depends on our patience.
It's been a few days since we saw how the market moved slightly and then corrected again. and this is followed by almost all altcoins. this looks bad to me. as there is a high probability that a deeper correction will occur than we expected the high pump to go to ATH this year.

[tvplus006]

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

There are still a lot of good coins that are doing very well more than the meme coins you’re talking about.
And I do know that there are also some meme coins that are doing good when they are not supposed to.

But, I think that the reason why it seems like meme coins are like a trend this year is because of what we have seen happening this year. Dogecoin was doing well and that has made a lot of people to think that every meme coin they see in the market has a potential to grow. There is no need to talk about how it all started because I think everyone knows about it.

The Doge coin received a lot of attention because of Elon Musk's tweets. But there were a lot of such coins on the market that brought their investors tens of thousands of percent of profit. And the main explanation for this rapid growth was the bull market, thanks to which almost all altcoins have increased in price many times.

[Jackl87]

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

Some times the markets and especially the crypto market is hard to explain and acts seemingly without any logic. I strongly dislike the meme-coin hype since it started two month ago or so because it takes away money and liquidity away from real projects. I guess that meme-coins were so hyped and so popular was the fact that some people made crazy profits with the earliest second gen meme-coins like shiba-inu or safemoon and then of course once those stories go public that some guy made 200.000 $ out of 100$ a lot of people are attracted by that and throw some money into one of those meme-coins that pop up each and every day. I also think though that those times are over and those profits could only be made by very early investors of one of those early meme-coins and nowadays the meme-coin hype is already dying.

[judaspriest]

50:50 mate, because the Bitcoin price drops also causes altcoins to go down,
but altcoins still look good to accumulate if based on bitcoin dominance which is currently at the 40% level,
of course the altcoin price should have a good increase if it can be below 40%, just hold it if you buy it now

[bekti3]

for now if we talk about theory of course now is a less good time to look at the current altcoins of course for holders this is a very unfavorable time.
but now is also a very good time to increase our assets because this is a very good time and this is like a pretty big discount and certainly profitable.

[Jocuserious]

Yes for now totally a bad timing for the crypto market with altcoins. There are many top altcoins price goes to down so you can buy now high quality altcoins with cheap price. At least if covid-19 will gone then the crypto market can back again. Moreover demanding of the altcoins market every low right now so we should wait long.

[nakamura12]

It is not a bad time for altcoins of that altcoin is being promoted by a person or a group that have good influence in crypto space like elon musk. You have to choose the altcoin that is more likely beimg used by many people like dogecoin, shiba inu for example. You have to do research first as some might be a short term trend and some are not. Just like shiba inu which ethereum co-founder donated a huge amount of money if converted to USD then later that day many exchanges listed the shiba inu.

[Bitstar_coin]

I don't think it's a bad time for altcoins right now. altcoins that have strong fundamentals continue to grow and the team works professionally. so don't ever assume something that you don't know in detail

Every altcoin are affected at this time, the only difference is some are affected with higher percentage drop than others, example like solana (sol) is still holding strong despite how most coins were affected,  only very few coins have similar capacity like solana.

[haidil]

let say every good project, have a whales inside it , and whenever big "movement" come , they immediately sold all of it. so what about meme coins ? mostly just a amateur trader who come for x100 ++ and real whale inside that project, that why sometimes we see different movements.

because most of them are fomo and still participate in buying coins, this certainly cannot be separated from the dominance and promotion of the whales themselves. So that's why these meme coins can fly so crazy.
and this is very difficult to stop because these fomo still don't understand and don't really understand the impact that will occur when these whales stop their promotion and pumping.

[posporo]

It is not only about the devs, it is about the community, no matter how good the project is, no matter how great the devs is it will not fly to the moon if the community will not support, in cryptocurrency, it is a power of community or many people if the project will go to the moon or not.

I agree because that what was happen mostly in meme coins, there are people that are creating a hype so that it goes to trend and the community could support it.What if your coins have a good utility but they were only few people supporting it then it could be the start of its downfall in the market.

[CapGelatik]

It is not only about the devs, it is about the community, no matter how good the project is, no matter how great the devs is it will not fly to the moon if the community will not support, in cryptocurrency, it is a power of community or many people if the project will go to the moon or not.

Everyone of course must support and have their respective roles if you want to go to the moon,
just imagine that there is a good project but the developer doesn't work optimally, of course the project will not run

[haidil]

It is not only about the devs, it is about the community, no matter how good the project is, no matter how great the devs is it will not fly to the moon if the community will not support, in cryptocurrency, it is a power of community or many people if the project will go to the moon or not.

Of course there must be a whale in it because indirectly whales like Elon, for example, can move their followers to manipulate the market. and it's been proven by the flying of the meme coin.
and actually the community also if there is no one who can guide the others, I don't think it will run smoothly and there must be obstacles. and this is where the role of the popes is needed.
but i really like your description and it's true these coins wouldn't be able to fly to the moon without a lot of people supporting them from behind

[speedforce]

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

Because the whales hold the price not to flying, they want to accumulate slowly to have as much as they can.
Also, theres not many hype to pump the price like meme coins. Its pure my opinions but i see it true on some community.

Give them some time to developed, investors tend to put their money for quick bucks that's why they love meme coins, simple pump and dump and then they get out. However, there are really smart investors on the market, who will choose coins very carefully before they invest and they usually go for solid coins, or at least in the top 10. Meme coins will have its days, when the market is saturated or at least the hype has died down, those meme coins will be forgotten, like what happens to the ICO craze in 2017.

Not all of them will be forgotten, the one who have strong community will keep going, even if the price will drop many.

[Rexler]

Well it's certain that some coins with good usecase lacks a promotional team members or marketers, so most people don't even know about this project because there ain't popular while on the other hand meme coin gots lots of shillers who will keep hyping this shit coin and make it get popular that people will start jumping in to make quick profit, this is is actually more reason why shit coins keeping pump real good but no back up at all just a little market crash the prices of most meme coin will start dumping excessively.