Is there still hope for altcoins?

Bitcoin has been in significant fluctuation for half a year, consistently encountering strong support when it drops, yet it has struggled to break through the upside. However, at least Bitcoin is oscillating within a range, while many altcoins seem like dead dogs.

The new coins launched this year, such as ena and ethfi, which have a fundamental basis, are continuously breaking new lows. Many older coins that have experienced several bull markets have also dropped back to the starting points of this bull market. Even the so-called 'mother of altcoins' has returned to its price at the beginning of the year, leading one to wonder, is there still hope for altcoins?

I believe there is. Not from a technical analysis perspective; we cannot assess whether altcoins will rise based on technical analysis anymore, but only from the perspectives of trends and human behavior. As the saying goes, to make something perish, one must first let it go crazy. However, since the last bear market, altcoins have not gone crazy, whether they are new coins or old coins. The market makers are out to make a profit, even if the most discussed meme projects have only rallied for a few minutes or even seconds before going to zero; at least they did have a brief rise, after all, they need to find someone to take over at high positions. But have many altcoins broken through any high points?

Of course, this is regarding the overall trend of altcoins currently, but when it comes to specific coins, not all have the chance to rise again, especially some coins that were clearly created to ride on trends. Once the hype is over, the project teams make enough money and run away, and they get delisted from exchanges, leading to a significant decrease in liquidity. The chances of these coins making a comeback are very slim. However, precisely because of these reasons, when these coins have dropped to their lowest points, some may experience a 'dead cat bounce', but in the end, it is still a minority. One can view these as the endless stream of 'meme coins' in the current blockchain landscape, just with a slightly higher chance of success than your current attempts at meme coins.