The altcoin sector is experiencing a significant decline in value, with most ERC-20 tokens showing correlated price movements. Weak adoption and product-market fit contribute to these struggles, leading to broad-based losses across altcoin subsectors. The altcoin market capitalization has decreased by $234 billion in the past two weeks, indicating a bear market in the sector. Despite recent improvements in sentiment and altcoin ETF filings, liquidity remains concentrated, with the top 10 altcoins accounting for 64% of total market depth. This divergence between Bitcoin and altcoins raises concerns about the long-term viability of many altcoin projects.



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