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.
About 50-100 of the 10,000 altcoins will return to their previous levels. And then this is a very positive scenario, maybe even only 10-20 projects will really increase in price in the future, and the rest will simply be applied in real business, but will not be actively interested in the market, because the main interest will be in the technology itself, and not in speculative value.