Altcoins need ‘substantial bull market’ to avoid VC funding drought: Analyst

A “substantial bull market” is needed to avoid VC funds drying up after too much money was allocated to funds “clearly underperforming benchmarks,” a crypto analyst says.

The altcoin market needs to see a significant rally if crypto projects want to continue receiving a healthy amount of venture capital funding, according to a crypto analyst.

Unless altcoins see a “substantial bull market,” fewer crypto projects will be funded, leading to lower valuations across the altcoin market, Reflexivity Research co-founder Will Clemente said in a Sept. 12 X post. 

But Clemente doubts the altcoin market’s chances of achieving that rally.

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A “substantial bull market” is needed to avoid VC funds drying up after too much money was allocated to funds “clearly underperforming benchmarks,” a crypto analyst says.
The altcoin market needs to see a significant rally if crypto projects want to continue receiving a healthy amount of venture capital funding, according to a crypto analyst.Unless altcoins see a “substantial bull market,” fewer crypto projects will be funded, leading to lower valuations across the altcoin market, Reflexivity Research co-founder Will Clemente said in a Sept. 12 X post. But Clemente doubts the altcoin market’s chances of achieving that rally.Read more