New investors are not interest to invest in the such bearish market. Last two months i found huge promising projects coming but ultimately they unable to satisfied to new investors. Top coins are good stable but what is going on the others cryptocurrencies.
I think new investors now are not interested in investing in the new project, and they change to invest in bitcoin and altcoin at the market. They have a bad experience before so they search for the other thing that can make the profit. The altcoin itself now still trying to grow although it's not too fast, and we can see the history this year. Maybe in the next year will be a time for an altcoin to start to grow again, and if that happens, then we will going to see the bull market comes again.