A lot of speculation has been made regarding that altcoins are dead we have seen fewer initial coin offering this year ~snip~
Anyway, what altcoins do you mean here, are they new altcoins or top altcoins? I think it should be clearer firstly. For new altcoins, I think they become fewer this year because investors seem not really interested to invest in new altcoins. Many investors prefer to buy top altcoins that can be safer to be their assets. I think it makes sense, during a lot of scams and failed projects, they must be more selective.
I think he meant the top altcoin, indeed altcoin is still capable enough to generate profits, altcoin tends to be faster in its market movements than bitcoin which only tends to be quiet in place. Although all altcoins are influenced by bitcoin, I always take positions when bitcoin improves