๐ Altcoins Face a Crossroad: Bull Market or VC Funding Drought? ๐ธ
Crypto analysts are raising the stakes for the altcoin market! According to Will Clemente, if altcoins donโt see a substantial bull rally, venture capital funding may dry up, leaving many projects stranded. ๐ช๏ธ The altcoin market dominance (excluding the top 10) has dropped 23.10% over the past six monthsโouch! ๐
With supply flooding the market and performance lagging, Clemente isnโt confident about a major comeback. But while some are doubtful, others remain optimistic. Michael van de Poppe sees momentum in specific altcoins, believing September could mark the start of an upward trend. ๐
Even during Bitcoinโs downturn, Bitfinex analysts point out that altcoins are showing strength, hinting at a shift in how investors are managing their capital. Could this be the beginning of a new era for altcoins? ๐
Stay tunedโthe altcoin rollercoaster is far from over! ๐
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