But when the next cycle starts, money usually moves to NEW projects, not old ones.
A lot of old altcoins still have:
- weak communities
- inactive developers
- low volume
- no real adoption
Normally there're basically MemeCoins that relies its market cap and events on hyping with no real world utilities.
Such coins only gains values when it was newly launched and it's usually newbies who doesn't understand the risks of investing in such projects or those who're ready to take the gambling risks that fills up the market.
Then only the smart and lucky one's walks out successfully before the program shutdown while the rest looses their fund's because they didn't understand the dynamics of shit coins could ruin their expectations if the developers and teams are selfish.