Most alts bleeding to zero is actually a good thing mid to longer term as capital begins to consolidate in market leaders where builders are rewarded for engineering a sustainable product long term.
Whilst there will always be hype cycles and random meme coins that propel 1000x I think we are consolidating into a select few investable assets notably $BTC and a few DeFi names with long term traction such as $AAVE as well as newer entrants such as $HYPE.
I continue to think $ETH as a token will struggle (not the chain) and $SOL is more investable.
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