The altcoin market has been through tough times. At one point, the market lost over 90% of its value from its peak of $780 billion in January 2018. Many altcoin projects that were supposed to be “the next big thing” are nowhere to be seen today.
We see Darwinism in nature, where natural selection means only the fittest survive. We also see these same principles in capitalism — the automobile replaced the horse and carriage, email replaced fax, and online streaming replaced DVDs.