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.

[DanWalker]

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.

Yes, and plenty of memecoin pulled 20x to 50x gains during Bitcoin's run from $15k to $126k, such as Pepe, Bonk, Popcat, and Wif. It is fair to say that altcoins are not done.
However, we cannot deny that the market has changed to some extent. Instead of a broad altseason where nearly everything rises together, the market is now far more selective.

Therefore, investing in altcoin today requires thorough research and better selection skills. We can no longer buy a random altcoin and expect it to generate the same kind of returns as before.

[asriloni]

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?

It does and it's much more now. It's all because the dump is really pushing anyone to trade in order to DCA, cut their loss, or buy some alts for short term.

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.

Yeah i know what you mean. People are still trading those those tokens that already 10x or more. If you are feeling doubt, so you can try to check binance web3(Alpha) to know the cumulative volume of tokens, which already pumped so hard.
The token such as Lab that is already 100x still trading with decent volume even dring the bearish trend. So alts that is doing 10x or more is not done yet.

There are some still exist due to the crime pump by the team and MM behind themn. 

[Kelward]

There are too many altcoins in the market and as some of them are being done others are getting started while the market is there to accommodate them and let them go, so I wouldn't really say that altcoins are done because more will still be launched. The matter is that we should understand that majority of the altcoins are disasters waiting to happen, if you get in and exit before the project is done then you would be in profit. Unfortunately a lot of investors doesn't exit before the project is done and that is how these scam devs are cashing out big time.

You cannot expect the rush into altcoins to be as it were years back, alot have changed because a lot of investors have been scammed and the negative reputation is spreading yet there are newbies coming into the market and the diehards that are still risking their funds. Altcoins are done for many investors and projects but it's not quite done in practical because more tokens are entering the market and investors are keying into them regardless whether they will profit or not.

[Jostern]

Whoever that is investing in altcoins should be very careful how they’re investing in altcoins, the situation in the altcoin market now is very different from that of bitcoin, we all know that altcoins depends on bitcoin to thrive which is a very difficult situation for people who are speculating about bitcoin, because of the volatility nature of different cryptocurrencies most especially altcoins which have a high tendency of volatility and you can find it very difficult to understand the altcoin market, well if you’re buying altcoins please try and be careful and have that awareness as well when buying altcoins.

[sergiorus]

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.

Yes, and plenty of memecoin pulled 20x to 50x gains during Bitcoin's run from $15k to $126k, such as Pepe, Bonk, Popcat, and Wif. It is fair to say that altcoins are not done.
However, we cannot deny that the market has changed to some extent. Instead of a broad altseason where nearly everything rises together, the market is now far more selective.

Therefore, investing in altcoin today requires thorough research and better selection skills. We can no longer buy a random altcoin and expect it to generate the same kind of returns as before.

I think the absence of a broad alt season last cycle indicates that "altcoins" as an industry might be done. What we will have from
now on are "products" with tokens that have real utility. Only a few, of course, since the most alts have always been speculative nothingburgers.
Overall 99% of alts are on their death spiral to zero.