Altcoins aren't dead.
Most of them just stopped shipping.

Narrative is free now.
Product is not.

Here is who is still building:

L1 ▸ $SUI · $NEAR · $SEI
RWA ▸ $LINK · $ONDO
AI ▸ $TAO · $RENDER
DePIN ▸ $AKT · $IO
AI Agents ▸ $VIRTUAL · $FET
Privacy ▸ $ZEC · $XMR

The next leg won't reward the loudest ticker.

It will reward the teams that kept shipping while everyone else kept posting.

Who did I miss?