Bear market haven't even started yet, if you know how ugly a bear market gets you won't be buying altcoins right now, how many altcoins have died so far due to bear market? None right? Well let me tell you, a bear market is a death bringer for altcoins, all those meme coins and shitcoins that you are eyeing won't live to see the end of the bear market, its always so painful for altcoins to stay alive at such season.
You Ain't Seen Nothing Yet.
Nobody can really know if we are already at the bottom or if we are having maybe another 1 or 2 years of bear market ahead of us. Also i don't think that the death of altcoins is a process that is going so fast that you can actually witness it. Maybe now the whole events around Terra could be one of those rare cases where a pretty big project could die literally within a few days because of that whole UST crash in the last few days. Terra is now at 0,85$ while it was still at above 100$ like a week ago that is absolutely crazy.
Overall i would say the death of all those useless meme-coins has already begun a few months ago because the hype is over and they are now slowly but surely dying. A hefty bear market speeds up this process of course.