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.
This is only my estimate, because some high-end traders or those with large capital can manipulate prices, because I believe in the last year there are very many new people who enter the business and investment world here. Making bitcoin soar is the way they buy at the price they should be selling. Overestimating is their way of attracting people who are new to the business world.