No, altcoins are not dead. Altcoins, which are alternative cryptocurrencies to Bitcoin, continue to exist and have their own market capitalization and value. While Bitcoin remains the largest and most well-known cryptocurrency, there are thousands of altcoins in existence, with new ones being created all the time.

It is true that the cryptocurrency market can be volatile, and some altcoins may experience significant price fluctuations or even fail entirely. However, there are also many altcoins that have seen significant growth and adoption, and are actively used for a variety of purposes such as decentralized finance, gaming, and other applications.

Ultimately, the success of any cryptocurrency, including altcoins, depends on a variety of factors such as their technology, adoption, and market demand. While some altcoins may fade away over time, others may continue to thrive and innovate.