According to the expert, it is not worth expecting a real altsyzone, the market is oversaturated, and the number of tokens exceeded 43 million. Too many projects leads to the fact that the capital of investment funds is eroded, interfering with total growth.
“Growth will only be demonstrated by individual premium altcoins with strong fundamental indicators. The situations of 2017 and 2021, when there was a massive altsyzone, most likely will not be, ”said Oinonen.
The analyst Cryptoquant believes that now investors will behave more carefully and selectively and increasingly evaluate projects on fundamental indicators, and not on advertising campaigns.
The altcoin market is at an early stage, the dominance of bitcoin exceeds the mark of 60%, and coins that do not have significant liquidity and strong teams have ceased to attract attention. As strong triggers for a successful altsyzone rally, a decrease in BTC dominance below 50%, the increase in the broadcast and the active participation of investors from the Asian markets, the analyst concluded.
Earlier, the founder of the largest crypto -story world Binance, Changpeng Zhao, said that only a few altcoins selling below the peak reached in 2021 will be able to show new price records.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
