I believe that many altcoins will die off due to week fundamentals, all the weak projects, meme coins and speculative tokens will vanish over time. Bitcoin is more entrenched than any other crypto that's why I believe that it's strength will make sure any crypto that actually survives, must justify its existence
Actually, people used to think that this kind of question was absurd before, but now this issue is becoming a bit relevant because after a certain cycle, the bull season of bitcoin is happening but the altcoin season is not being seen in the market.
This seems to indicate that people's confidence in alternative coins investment has decreased a bit, and as a result of which the attraction of investors is currently only surrounding bitcoin. I am not saying that alternative coins will be dead, but the dominance of bitcoin in the market will increase even more so that most people will lose the desire to invest in altcoins.
Have you checked the altcoin market and bitcoin dominance lately? Bitcoin dominance has dropped from 65% to 60% and will soon continue to drop to 50% or even 40%. Along with that, the altcoin market is showing signs of strong growth led by ETH as ETF cash flows have been consistently higher than bitcoin in recent days.
I am pretty confident and betting that once ETH breaks ATH it will trigger altcoin season and history will repeat itself again.
Crypto is just a speculative market, and its performance depends more on manipulation than supply and demand. Altcoin season hasn't arrived yet simply because it's not the right time. Like every cycle before it, altcoin season only comes when there are not many people who believe in it anymore, it only appears when most people have sold their altcoin bags and believe that bitcoin is the only coin will go up in price.
History repeats itself once again.