While everyone keeps have individual opinions and speculations on the next prices of cryptos, especially on the next altcoin season, I'll say we are moving nowhere because of price manipulation by exchanges. The actions of some exchanges is dropping the prices of tokens unnaturally and these affects market and industry confidence. How can we attract new money into the market when top wash trading exchanges like Bitforex and Bibox still exists and deceives people freely?
I don't need to add links to prove, but just google these exchanges and add the wash trading to your search term, you'll be marvelled at the results you'll find.
It's true. These exchanges only want to rise in rankings so thats why they fake volume. Because really, there are very few people who continue to trade altcoins today especially in this bear market. The only thing i see that we can do is continue to support and promote crypto towards the goal of seeing mass adoption grow. Only when mass adoption grows only then will these manipulators be hard pressed because the cost of manipulation will be too much.