Altcoins are about to bounce back!!!
I have been outspoken about my optimism for altcoins. However, the portfolio has suffered losses due to premature purchases of altcoins.
Perhaps the recent market changes have made it more certain that a wave of mass adoption is coming. I remain optimistic and predict that altcoins will soon rise despite widespread skepticism.
In further analysis, it is generally believed that the reason for the decline in altcoin prices is venture capital (VC) unlocking and complex token economics. I believe that the real problem is not the basic structure, but that many projects have been given unrealistic values. While many projects have been inflated due to speculation, the analysis believes that valuations are moving in a more realistic direction.
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Over the past week, I have noticed a trend that new token revenue generation mechanisms are emerging, providing a clearer idea of project valuations. I believe that this change will help stabilize the market because the value is based on actual numbers rather than hype.
