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.
that is the root of the problem, investors buy when the project runs, then immediately sell it later, after that do not buy again. it will make a coin die, because of what? there is no transaction at all on the coin, meaning there is no activity in everything, namely the market cap, trading volume, and also transactions, supply circulation is also not moving. the fault of the team is, they only focus on the price, so when everything is going according to plan, their coins will be abandoned because there is no significant long-term effect.
in fact if the team is more observant in managing a project, they should focus on how people want to buy or at least make transactions using their coins. I think the price is low, because the price can go up when the transaction is crowded. don't focus on price and exchangers, but start focusing on people's interest in altcoin, then altcoin will never die, it can even compete with bitcoin.