Are Altcoins Done?

[jerry0]

A while back there were a ton of altcoins.  I know people mentioned about trading altcoins on binance and like pancakeswap and those sites.  Does this still happen much now or not anymore?


By altcoins, I mean more so on those coins that people talk about that 10x or more.  Thus I don't mean like litecoin or any of the top 20 Altcoins. 


Are there altcoins that 10x or more much or is that mainly done?  What sites do you even look for coins like this?  By this, I mean lot of those meme coins mainly.  Several of these coins did get listed on Coinbase which made it more legit like Shiba Inu.

[Odusko]

The altcoins market is very unpredictable, and the level of volatility in this market is very different from that of Bitcoin. We should understand that. And yes, we have some coins right now that are doing great in the market, although maybe not up to 10x anyway, but still something significant to take note of. AI projects, NEAR Protocol, and RHA are altcoins, among others, that have shown a consistent increase in value.

[sergiorus]

we haven't had a proper alt season since 2021 so you could tell "altcoins are done".
Been "done" for almost 5 years at least.

Not sure if it will ever change at this point, but big narratives still shoot pretty nicely sometimes (Hyperliquid, Zcash, TON, certain memes etc).
It's a rough illiquid PvP market now but it's not impossible to make money in it.

[jerry0]

Yes that is what I mean.  It hasn't been since around 2021 or so when people still talked about altcoins.  What I want to know is since then, are very few people trading altcoins?  I am mainly talking about those memecoins and those type of coins like on pancakeswap and binance and those things.  I am talking less about those coins on Coinbase as majority of coins on Coinbase are legit coins.  Even though Coinbase has dogecoin, well it's still legit.

[JeromeTash]

The problem is that most of you weren't paying attention and may thought altcoins would pump much later than BTC, but they actually did pump as bitcoin was pumping

XRP pumped by over 10x
Solana pumped by over 20x
HyperLiquid pumped by over 20x
Zcash pumped by over 30x

and so many more. So altcoins are not done, you are looking at them at the wrong time and in the wrong direction.

[Orpichukwu]

A while back there were a ton of altcoins.  I know people mentioned about trading altcoins on binance and like pancakeswap and those sites.  Does this still happen much now or not anymore?


By altcoins, I mean more so on those coins that people talk about that 10x or more.  Thus I don't mean like litecoin or any of the top 20 Altcoins. 


Are there altcoins that 10x or more much or is that mainly done?  What sites do you even look for coins like this?  By this, I mean lot of those meme coins mainly.  Several of these coins did get listed on Coinbase which made it more legit like Shiba Inu.

Altcoin is still there; most of the mentioned DEX exchanges have been long. I noticed people running to trade tokens over there, especially PancakeSwap, but that does not mean altcoins don't exist. What we have more now are the scam memecoins, which are created and pumped more than 10x in 24 hours and can still be dumped within that time range, and investors turn victims of rug pulls. Such types of scams are more popular than an actual project. gaining real attention to push its value that high.

[shinratensei_]

Newer memecoin is full of rugs, your best bet to get that much of a gain is to buy when we are at the bottom of bearish cycle.
So far the only coin that gained that high are coins listed from Binance Alpha, but honestly speaking 90% of coins being listed in there just dumping not too long after.

Only very few actually pumping in this difficult market, I personally won't expect much from the current state of the market.

[dwyane36]

The problem is that most of you weren't paying attention and may thought altcoins would pump much later than BTC, but they actually did pump as bitcoin was pumping

XRP pumped by over 10x
Solana pumped by over 20x
HyperLiquid pumped by over 20x
Zcash pumped by over 30x

and so many more. So altcoins are not done, you are looking at them at the wrong time and in the wrong direction.

It depends on the time frame you use to analyze altcoin growth. For example, over the past year, neither Hype nor Solana showed the kind of growth you’re referring to, and if you look at altcoins as a whole, most of them have fallen.
Both now and last year, there weren’t that many altcoins that actually showed growth alongside BTC. The fact that BTC’s dominance isn’t going to decline and remains at a high level indicates that far from all altcoins have shown growth.