Altcoins Aren’t Dead; Long Live Altcoins

Opinion by: Kamal Mokeddem, General Partner at Finality Capital

The prevailing institutional narrative surrounding altcoins is as follows: If you want crypto exposure, simply buy Bitcoin and move on. 

Bitcoin now has ETFs and has outperformed nearly every other digital asset. Unlike 2017 or 2021, there has been no broad altcoin rally this cycle. At its peak in 2021, more than 2.6 million tokens were live; today, there are more than 42 million. No wonder many people believe the game is over. 

This perspective is lazy and wrong. The absence of an…