Investors are sceptical about Altcoins is because of the high volatility risk involve in investing in it. During the hype majority of the altcoins offer investors an opportunity to earn with high rate of returns which is a very good strategy to attract the investors to invest. But since most of us here now do not just grab this opportunities we rather evaluate and study first if it is worth it to invest in a particular altcoin. There are a lot of altcoins became successful during hype but ended up just a scam. An altcoin can be successful it depends on the developer for its continuous development and its investors who keeps on supporting the project.
It is true that and alt-coin project can be also successful by their hardworking but most of the case in today the amount of scams and fraud projects is more than the authentic and real projects. In the past 2022 I would think that the alt-coin market has become worse, the failure of major projects and the scamming and crashes have put most traders and investors off the alt-coin projects. On the other hand, the confidence of traders and investors in the secureness of Bitcoin has increased, thus making investors distrustful of alt-coin investments.
It's a shame, of course, that investor confidence in altcoin investments is dwindling,
it's not easy either for sure to get their trust back as before and that is the consequence,
but anyway for me the altcoin project is still an interesting thing.