There is growing concern and skepticism. Just imagine the following scenario: The long awaited altcoin rally that will save the altcoins in this cycle does not happen at all this time, for whatever reason. What then? This is a growing fear and there is a lot of copium and hopium everywhere. Should an altcoin rally fail to materialize in even 1 cycle, then it will spell big doom. The problem with shitcoins is that greed knows no limit, they continue to print useless projects that keep draining and spreading the liquidity all around. By doing this you turn the environment from a few big winners into hundreds or thousands of losers.
The market has been down after the recent altcoin rally. I am looking at some altcoins I think will do well, but I would love your opinion if there will be another rally before I jump into investing in these altcoins.
Wait, which altcoin rally are you referring to? Because if you mention altcoins, it means that this rally is generally felt by all coins or tokens in the market. However, the performance of altcoins is not very good; only Ethereum has experienced a significant increase so far, while the others are still below their initial offering prices. Perhaps we need to narrow the scope, for example, the top 10 on CMC so that we can see their performance clearly. There are many altcoins, and not all of them can recover as you claim.
Below their initial offer prices? Perhaps you meant ATH or something like that, because what you wrote is incorrect. Most top coins are way above their initial offering prices, especially mature coins that continue to top the charts.