As all these alt coins implode and disappear, it can concentrate crypto investors into just a few of the surviving coins. That is the upside potential.
The other side is that there has been a ton of wealth destruction. There were many "investors" that were in crypto because of FOMO--and those that missed out are glad.
Cryptominers are selling some of their coins now just to keep their doors open. And traders have slowed down their activity.
Crypto miners are the best way to play a rebound in Bitcoin and Ethereum. Watch how quickly the crypto mining space thins out as some go BK and the survivors by their machines at heavily discounted prices.
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