The current market has too many new technology projects emerging every day, but the actual inflow of capital is quite thin.
When new capital has not returned, expecting a strong bull cycle for all altcoins is not easy at all.
Many recently launched blockchains like BERA, SEI, and MON had quite impressive initial surges but cooled down very quickly afterward. The story of "strong increase – deep correction" is repeating continuously.
During this phase, careful selection and risk management are still more important than chasing after the herd effect.