I agree, altcoins are not dead instead many of them end up being scam projects after a few years or a few months launching. many altcoins didn't survive when the bear market came and there are not many projects that came when the bear market happened but when the bull market started we can see again many new projects coming up and we can see another alt season within this bull market cycle. Even Bitcoin also lost 50%+ value from its ATH on the bear market.