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.
I have a lot of investment in an exchanger and for years I don't withdraw them I even quit cryptocurrency investing in them. After that the market value increase today i don't really expect that to happened but we could notice all the time that as time pass the market value is still increasing in some of the altcoins and there is still potential in some of the altcoins but still a lot of dead tokens in the market until today don't have any value. I earn a decent amount of profit when I sell my holdings yesterday so I conclude that cryptocurrency was still profitable and altcoins will still go for its comeback for long term investments.