The tap is clogged: Altcoins are in danger if the bull does not come!

Reflexivity Research co-founder Will Clemente argued that altcoins need to perform a bull run in order to create a healthy market environment.

Stating that venture capital companies are investing less in altcoins, Clemente stated that projects will have difficulty raising funds if the altcoin bull does not occur. According to the analyst, altcoins have entered a critical period.

According to crypto analyst Will Clemente, crypto projects need to display a significant rally in order to continue receiving venture capital funds.

Addressing his followers on X on September 12, Clemente said the following: “Unless altcoins see a significant bull market, fewer crypto projects will be funded, which will prevent projects from growing in the altcoin market.”

Stating that altcoins have performed far from a rally, the analyst argued that new projects raising funds disrupt the supply-demand balance and create disappointment.

On-chain data platform #CoinMarketCap reported that there are more than 8,000 cryptocurrencies on the market and that it is difficult to determine the exact number of tokens available.

Clemente, who stated that more investments are being made in high-risk and high-reward assets, explained that altcoins are lagging in terms of performance.

Glassnode chief analyst James Check reported that new crypto investors are rushing to buy speculative assets too early. The analyst argued that this investor behavior is hindering the altcoin bull.

MN Trading founder Michael van de Poppe, on the other hand, remains optimistic about altcoins. “Some altcoins are doing great,” the analyst said, concluding his bullish expectations by saying, “We are starting to show some momentum.”

Van de Poppe believes that the altcoin bull will begin in the coming months.