I wrote a post yesterday about meme coins doing better than Alt. There was a pretty good argument that memes are also altcoins.
Then again, these comments made me start thinking. Are Altcoins really memecoins and why did you think so?
'Alt' was a way to capture everything that's not Bitcoin into 1 cesspool. Not much discussion needed:
Not your keys = not your Bitcoin
Not Bitcoin = alt
Easy.