One fascinating aspect of altcoins, especially the good ones, is the potential for significant profits. I'm aware that not everyone agrees with this, as there are often arguments that altcoins are just another form of 'shitcoin' meant to deceive and exploit people, with Bitcoin being the only legitimate cryptocurrency.
First and foremost, it's true that Bitcoin is considered the king of cryptocurrencies, and that status is unlikely to change. However, let's talk about the profit potential. Some coins, which we hold before the altcoin season, can provide substantial returns compared to Bitcoin. Speaking from experience, I held AGIX, INJ, RUNE, and ETH before the recent positive trend in the market. We can observe how much the market has appreciated, and it may continue to do so until the end of the month.
Imagine if you're the type of person who held these coins earlier, even when the market was in a downturn. You would understand how much you've earned just by holding.
Identifying a good coin requires thorough research, and more coins are continuously being developed. I recently noticed TIA listed on some exchanges and has been doing significantly well in price upsurge. Maybe due to the altseason we are in. But, If a coin has a strong community and utility, it's likely to perform well in the long run.
The essence of all this is that some individuals might not openly share this, but the world of cryptocurrency is versatile, and conducting in-depth research is key to achieving profits.
Why some people still see atlcoin on the negative side, this might have been as a result of one coin they must have invested in, that did not yield something good, so that negative experience has really given them a sense to tag all altcoin as shitcoins. Meanwhile that's not entirely true, there are whole lot of atlcoin that are doing very well, that you can invest and hold on to it to grow and it will give you a return on your investment, you just need to do your research properly in the market before investing. So in answering your question, altcoins are not fake.