Why is Altcoin still 'stagnant'? CoinShares CEO points out the reasons

The recent stagnation of altcoins can be explained by several main reasons, as pointed out by the CEO of CoinShares.

1. **Waiting for legal decisions**: Many altcoins, especially Solana and XRP, are struggling due to uncertainty related to regulations and legal lawsuits. The wait for clear decisions from the SEC or regulatory agencies may cause investors to hesitate, leading to selling actions or maintaining positions without much trading.

2. **Market sentiment**: The overall situation of the cryptocurrency market may not be strong enough to attract investors back to altcoins. High volatility and risk may lead investors to choose to hold cash or invest in safer assets, resulting in altcoins not seeing any significant increases in the market.

3. **Bitcoin-led market**: Bitcoin continues to hold a dominant role in the cryptocurrency market, and the growth or decline of Bitcoin often has a direct impact on altcoins. When Bitcoin stabilizes or adjusts downward, altcoins usually follow suit, often unable to escape the state of 'stagnation'.

Continuously monitoring regulatory news and market sentiment will help investors gain a clearer view of the future trends of altcoins.