Actually yes, altcoins are slowly dying in current market, there are too many weak projects and a small number of strong ones, market is seriously disbalanced.
There are too many altcoin, it makes the market unbalanced. The market needs to eradicate about 70% of current altcoin so that it can continue to grow in the future. Over the past two years, over 1500 new projects have been created but I have not seen too many good projects there