🔷 Following a rally in the first quarter, most altcoins have exhausted their growth potential, declining 70%–90% from their March levels. Crypto investor Andrew Kang believes nearly all altcoins have peaked in the current bull cycle. However, he remains optimistic about memecoins, which may defy the overall market downturn.
🔷 Mahmudov’s analysis highlights a shift in investor sentiment. Institutional investors are primarily focused on Bitcoin (BTC) and Ethereum (ETH), while retail investors show a preference for memecoins. Hitesh Malviya, founder of DYOR, criticized altcoins, particularly those backed by venture capitalists (VCs). He asserts that many projects, despite their initial promises, often fail to survive in the long term.