Many altcoins are dumping ground, after the project is launched people invest massively on it, they will carry out a burn and the burn will have no meaningful bulls and then àfter a while the project became dormant like one and only Africa project called "wakanda" I guess many are victims and aware of this falsehood and fake project.
Please which altcoin is currently the hotcake with bright future ahead?
I think that is the cycle in Altcoin market, if you can go back to the ICO days, yeah that is the pattern, it then it replace with IEO/IDO and then the next hype like P2E, the whole staking game etc. And once the project has been launched and investors putting their money and majority of them profited big then they left and look for the next project to pump. As for the devs, some of them abandoned it completely without anything to offer after that initial hype. As for the next hotcake, it's hard to see, I think it will still be P2E and anything about gamers + blockchain technology.