Looking at the market dominance, bitcoin covers almost 70.5% of the market trade as of time of writing. there is the need for altcoin recovery or it might spell doom for investors. i.e, people invest today on a new project and sell off tomorrow.
According to a wall street executive, Max keiser, he strongly believed that altcoins has reached there dead end and advised that everyone should focus on bitcoin. considering the fact that bitcoin is limited. there is the need for altcoins as the name implies, Alternative coins.
What is your say on this.
You do not clarify what do you mean when you say that we need altcoins to come back, if what you want is to see altcoins going up in price in the same way that they did during 2017 then the sad truth is that you are never going to see that again, that year was a special, people were very confident that altcoins will be the future of the market of cryptocurrencies and in just a few years after it we have discovered that is not the case.
But it is entirely possible that during the next years we are going to see some of the most powerful altcoins to see an important recovery as there is no doubt in my mind that coins like ethereum or litecoin are undervalued and should receive more respect than what they are getting right now.