According to Odaily, Andrei Grachev, co-founder of DWF Labs, has shared his insights on the altcoin market on platform X. He noted that since 2017, the market share of altcoins at the beginning of 2021 was 14.45%. Since March 2024, the Google search volume for altcoins has been on a decline.
Grachev believes that a stable Bitcoin price can instill confidence in the market, but it is unlikely to increase by 50 times, at least not at the moment. However, altcoins have the potential to do so. If the Bitcoin price remains stable, he predicts a bull market for altcoins in the coming months. Grachev emphasized that his comments should not be taken as investment advice.