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 also noticed recently that there were a lot of projects launching in the last few weeks and months that had quite a lot of hype and also a pretty big and successful seed and private sale but once they were launched the price and also the whole mood within the project went down slowly but surely. I don't really know why this happens that often because none of those projects that i observed that slowly died were useless meme-coins some of them were even pretty good in my opinion.
I think that a big part of the problem is the mentality of the investors. It is all about a quick pump and dump for most people. If a project does not do a x2 or more right after listing then it is already a fail in the eyes of a lot of people, because they don't have patience anymore.