Analyst: Altcoin market needs to experience a significant rebound if crypto projects want to continue to receive healthy venture capital funding

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ChainCatcher news: According to Cointelegraph, crypto analysts said that if crypto projects want 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 Altcoin 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 would expect funds to be more dispersed, and I am not confident that this rebound will happen,” he said.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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