ChainCatcher news, according to Cointelegraph, crypto analysts said that if crypto projects hope to continue to receive healthy venture capital funding, the altcoin market needs to experience a significant rebound.

Will Clemente, co-founder of Reflexivity Research, said that unless altcoins experience a “substantial bull run,” fewer crypto projects will receive funding and the overall valuation of the altcoin market will decline.

"Given the increased supply in the market, I expect funds to be more dispersed, and I am not confident that this rebound will occur," he said.