What drives the market of Altcoins?

[Dunamisx]

What drives the success or the downfall of an altcoin?

The market value of any altcoin is determined by a general performance of Bitcoin therefore low by the season we are, knowing if such is hot coin season or not is also very important because this we determine the rising or falling of any coin, lastly, we have to consider the project development team behind any coin, because the number of investors and what they are investing on that particular project determines the success of that altcoin.

Does utility of the coin or token play a factor or is it more about market conditions?

We can't deny that utility provide a solid base relevance for an altcoin to perform, because this is one of them major key aspect that investors look into before considering for any coin as an investment, there's no point in wasting time to invest on what will be pumped and later on dumped, such could possess much risk than the benefit distance to serve at last.

[dwyane36]

Why altcoin fall?
it simply to many altcoin today the liqudity cant keep up. So many supply with low demand. That maybe one of the reason why we didnt see altcoin season.

It has long been discussed that there will never be full-fledged alt seasons in the form that they were during previous cycles. In other words, we shouldn't expect growth in all alts without exception, but sharp pumps in individual promising alts may occur from time to time. In fact, this is what happened last year.

[silpersurfer]

Why altcoin fall?
it simply to many altcoin today the liqudity cant keep up. So many supply with low demand. That maybe one of the reason why we didnt see altcoin season.

It has long been discussed that there will never be full-fledged alt seasons in the form that they were during previous cycles. In other words, we shouldn't expect growth in all alts without exception, but sharp pumps in individual promising alts may occur from time to time. In fact, this is what happened last year.

Only a few altcoins can do that and it depends on the narrative trend in the market that's why they have a very significant increase, there is no altcoin season, that's just the illusion of altcoin holders, if we look back at the market when Bitcoin printed its ATH and was in a bullish market, the market capitalization of the entire crypto market is not much different from 2021, but there are actually more altcoins and this is the reason why there is no price spike in altcoins, not because there is no money but the money is spread across many altcoins that share no value in their products.

[el kaka22]

What matters most is people's acceptance and love, nothing more. If there is a coin, that people love and accept and want to buy then you are going to have a good project that goes up, if people do not want to buy then there is no reason for us to buy neither. I understand it may not look like much but in the end most of the time, we just end up with hype that makes people want to buy for short term, so it should not be "I can make money with this in the next week", it should be "I can hold this for years" kind of love.

At the same time, people will love only when a coin is backed with a real time utility but that is just an initial trigger which means for continuous growth, that utility needs to be profitable and sustaining. This is the reason, there were coins failed even after got hype on launch.

[Bojango]

thank you everyone for your replies thus far, looking forward to reading more perspectives!