Markets are cyclical, they rise and fall. But during the fall, many altcoins are already dying for ever, and when the market grows, they do not recover.
Any Altcoin that don’t have good use case and the price is just base on hype and trends onces such Altcoin dump they will never see the light of the day again, sometimes the team are actually the ones who pull out liquidity and move on in such case we can’t expect such coin to recover from a heavy fall, but if the coin have some good use they will gradually recover as their usage will speak for them.
This space is really crazy man, an altcoin can have a use case and better product for the community to use and they can still jinz the project and make it looks like it nothing because you know why? Everything in the project revolves around the whale, the team and the market makers. Don't you see XRP, does it have any real use case if not the regular sentiment of banks and banks and yet there is nothing around and the price is running every day.
On a norms, coins like PI is something we shouldn't have even allow to exist but they made it look like it's the next thing to buy and I will be here until when he coin resch bottom of $0.2 and when there is dip correction in the market, it will go down and will not rise again. We let some coins have their ways into the heart of people just because of quick money but there is nothing absolutely around them to be worth that amount, no tech, just group of people trying to enrich there pocket.