Why do coin prices need to drop a lot? Simple. So I can buy in cheap and maximize my profits during the next big coin price surge.
I do not know if all altcoins will recover, because in my way of seeing, in the next few years many altcoins will disappear because they have no practical use or because it has no popularity due weak marketing and lack of partnerships with big companies
I'm already HODLing 5400 Ripple XRP, and I'd like to pick up some bitcoin, litecoin, and ethereum at rock bottom prices.
Ripple is very strong and did not have a big drop in relation to bitcoin, only fell in relation to the dollar because the price of bitcoin fell, bitcoin will also recover in the future, but ETH leaves me with a lot of doubts. I do not think ETH will recover the price of $1200 again, it could be as high as $500