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.
The altcoin market could still recover in the long term, unlike bitcoin that could easily recover in a small-time as it is very volatile in the market.
I think these altcoins is still profitable until today in the market a lot of popular altcoins in the market still have a lot of investors and also a lot of assets in different company.
For me unlike ICO's that is only lead to dead tokens in the market or the ICO is just going to be a scam the altcoins in the market that are already popular still have its market and could still increase and come back on it market easily. Also, the cryptocurrency community is getting bigger and the investors and company that is becoming interested are also spreading around the globe.