The main reason most altcoins are struggling is the growing popularity of meme coins. These coins have grabbed the attention of investors who are more focused on quick profits and entertainment rather than supporting projects with strong fundamentals. As a result, traditional altcoins are finding it difficult to compete for attention and investment.
Even exchanges are heavily promoting and listing more meme coins to benefit from their hype and high trading volumes. This trend is causing money to flow into meme coins, leaving altcoins with less interest and lower liquidity. With so much focus on memes, many promising altcoin projects are being overlooked in the market.
