Is This the Altcoin Massacre or a Golden Opportunity? Finding Winners in the Market Chaos

Despite what traders were hoping for, thinking we'd see a quick surge in prices, the altcoin scene is pretty much in shambles right now. The liquidity crisis is real, especially after the market chaos on October 10. Since the beginning of this month, the total market cap for altcoins, not counting Bitcoin and stablecoins, has dropped about 36%. If you take out the top 10 coins, we're looking at a staggering decline of 46%. If you check the charts, it's not pretty: on Binance, the biggest exchange around, only 3% of coins are trading above their 200-day moving average. That's a record low, showing that the big players aren’t interested. But hey, this could be a chance to snag some great deals in the market. Historical data shows that whenever the coin share indicator dips below 5%, altcoins tend to bounce back significantly. The catch is, not every digital asset is gonna skyrocket. Chasing after the popular coins isn't smart since they haven't really dropped much yet. Memecoins might be an entertaining option, but I'm taking a different route. The last time altcoins took a nosedive in 2023, I put my money into 'retail coins'. These are the cryptos people actually use for buying stuff, and they usually see a rise in value when altcoins start to recover. So, how do you spot these 'retail coins'? Just look at what payment crypto gateways accept.

50% of all altcoins will depreciate. The only ones left will be major players backed by strong teams, like Aster.

I was reading the thread until I got to Cryptomus. Wouldn't it be better to create a promotional campaign? It doesn't cost much anymore, and less than 200 per week is enough to create a mini-campaign. So stop spamming.

I think a different scenario is more likely. For example, 50% of the traders might disappear after blowing their deposits during the crypto winter.

Do you only read about crypto, or do you actually trade too?

May I know what were the coins that you invested in 2023. Because, I guess that this is very first time that I am hearing about something  'retail coins', not sure, what are the coins that you are referring by this. In last 5 to 6 years, I am sure that total altcoin never entered into any bullish trend overall. But, there were times where few altcoins like ETH or BNB into bullish rally but at the same time all other major coins like LTC or Grin were never entered into any bullish rally. Dogecoin was in strong bullish rally only in 2021 in its entire life time. When total altcoin industry is suffering like this, I am not getting your point of investing with altcoins. Simply investing with bitcoin will get you to make profits for your hard earned capital.