Post
Topic
Board Service Discussion (Altcoins)
Re: will some of the altcoins recover?
by
Cashi
on 24/03/2019, 21:22:07 UTC
I just visit my wallet now and I find out that many of them are in a bad shape.  Coins like litecoin that went as high as  $300 is now below $40 and ethereum which host many tokens is currently struggling to remain above $100. Most of the tokens that are closed to $1 have lose over 95% of it December value. I think for some of us that invested in some icos especially the services one we are now regretting as many of them has been abandoned by the developers.
If the current trends control I believe about 80% coins and tokens that are listed in coinmarketcap will not be in existence by 2019. I will also want to here your views on this.  Thank.

Generally it depends on the team not giving up on their project, holders holding and not eventually dumping their tokens and moving on and if new people are willing to invest. If these three points are in check, that altcoin will definitely shoot up
Main reason for a successful recovery will be the developers in my opinion. A coin without good developers and if the coin has nothing special I don't see investors buying the coin and instead all holders will sell. A dead coin is dead when the developers stop developing and improving the coin.