If it's untrue then how all are in free fall?
No distinction of currency coins, privacy coins, tokens, blockchains, protocols, utilities etc.
All are falling.
It seems that altcoins have no real use case and thats why they dont have future, but we have to realize that altcoins are not here for a long time, while Bitcoin celebrates 10 years, we will see the adoption after next ten years, so now, yes, no value, only speculation, but in 10 years? When real companies will switch into blockchain technology?