Contrary to speculations from various cryptocurrency analysts who have predicted that the altcoin market was going to witness the highest price boom in 2021 it seems the hype was overrated and the market went in the other direction opposite the speculations and many speculators are left with no choice than to flow with the current market conditions.
The altcoin market witnessed some new development and projects such as the web 3 NFTs and the discovery of the metaverse which are now the rave of the moment, this and many more are the happenings that characterize the altcoin market with its wave being transferred to this year 2022. I guess the altcoin faith is left hanging at the moment and a lot of analysis has gone ahead which all point to a more groundbreaking development ahead.
Many analyzes make studies about altcoins based on the trends that are raised by bitcoin, when bitcoin strengthens, the altcoins will be influenced by these trends, at least this is what we continue to see in this forum discussion, but actually there are other effects that affect altcoins continue to grow until now, I think there is no complete attachment between bitcoin and altcoins, because both have their own trends in development, in fact sometimes the hype is the one that is bigger affecting the two coins, this year we saw both bitcoin and altcoins stuck at a price that didn't move, meaning they tend to stagnate for a long time. prices this year, the price spike is expected to return to normal in the middle or end of the year.