It's a hopeless dream to be expecting altcoins to surge in this type of market condition that we are currently in, do not expect anything better till the next bitcoin halving by 2024, we are currently dip diving into a strong bear market now where all hope will be lost.
Some people were speculating that since the ethereum merge was yet to come at the time we may see a surge on the price of altcoins, however we're seeing the opposite, the price of ethereum is crashing and this in return is making the price of altcoins to go down as well, to me this was not unexpected as many people aren't happy with the transition of ethereum which has now become a PoS coin, and if to this we add we're still in the middle of a bear market then it's easy to see how the dreams people had of an upcoming altcoin season didn't get to materialize.