According to Cas Abbé, buying altcoins now is comparable to purchasing Bitcoin at $50,000, as most altcoins have been in a downtrend since Q1 2024, resembling a bear market. Despite increased network activity, adoption, and daily active users (DAUs), altcoins are reaching new lows. Observations of the Altcoin Market Capitalization chart indicate a potential cup and handle pattern, suggesting a possible bullish breakout.