All alts price is down, but the question is !
will all of this new projects take the lead in the next bull run and leave behind good alts that have been in the market for several years ( for example STRAT , SYS , XEM etc.. ).
No new project will take the lead. The period we're in now, we won't see such alt movement as 2017 only few string alts will survive this trend when alt season comes. New projects without a product or strong community will be washed away.