Where is the altcoin market going?
The altcoin market needs to rebound and attract attention.
Analysts have different attitudes and opinions.
Will Clemente, co-founder of Reflexivity Research, thinks that the altcoin market needs a big rebound.
Otherwise, it will be difficult to get enough venture capital. If there is no real bull market, there will be less financing for crypto projects.
The valuation of the altcoin market will decline because the market supply has increased and the funds have been dispersed, so he does not think that altcoins can rebound significantly.
In the past six months, the dominance of the altcoin market has declined a lot. He said that a lot of money has been invested in high-risk funds, and the performance is not good.
But not all analysts think so. Michael van de Poppe, founder of MN Trading, thinks that some altcoins have momentum and the market may go up in September.
When the price of Bitcoin is low, altcoins are stronger, which shows that investors are adjusting their methods of protecting funds.
