The majority of altcoins look like this today. Yet one of the biggest myths/lies that has been told for years is that these charts are actually bullish. Why? It's 99% down. So there's infinite upside! Well this is crypto. It doesn't work like that. When a new "season of alt outperformance" starts stuff will go up. But not charts like these. It's usually the stuff that actually kept up decently well (those with staying power) that run back up. And the devs or founders that are still here from the tokens that created a chart like the one below here? They actually just start or make a new one. This is not speculation or an opinion of mine. As someone with a decent following and connections I've learned that the following statement is 100% a fact: "It's WAY easier and EXTREMELY more lucrative for a dev or founder to hype and push a new one than to revive their old one and keep that going" So that's also exactly what happens. In a season of outperformance you'll continue to see new stuff pop up left and right with maybe 1% of old also catching bids (they will exist but those are exceptions). So it's mostly: 1/ The Big Guard Bitcoin, Ethereum but also the protocols that are household names right now like Mantle or Aave or Morpho or ... 2/ The 1% of old Some low-mid caps that do end up beating the rule and actually catch good bids. Keep in mind it's almost never micro caps here. They stayed micro caps or got that low for a reason. Those devs generally just move on and try again. 3/ The new Micro and low caps alike. Many of them don't keep pumping ofcourse. Just short lived hype that shows up and is the talk of the town for a few weeks while capital rotates to the next. A very few however do make it into bigger territory. Summary: As always "most altcoins" aren't worth holding through a bear market. You enter and exit them in the same bull cycle. But at heavy discounts in a bearish cycle only the more established ones are worth bidding again in anticipation of a new bullish phase. If you really want to take your shot at some micro and or low caps, those are generally best left for when risk-on season has ALREADY started. You can't front-run micro caps before the pump because 99% don't survive the bear cycle.