Analyst: Meme Coin Market Needs Significant Rebound for Crypto Projects to Continue Receiving Healthy Venture Funding
Article is form followin
September 13, 2024
This article is translated by ChatGPT Show original
ChainCatcher reported, according to Cointelegraph, that crypto analysts believe altcoins need to experience a significant rebound if crypto projects want to continue receiving healthy venture capital funding.
Will Clemente, co-founder of Reflexivity Research, said that unless altcoins experience a "substantial bull market," fewer crypto projects will be funded, and the overall valuation of the altcoin market will decline.
He stated: "Given the increased supply in the market, I expect funding to be more dispersed, and I am not confident this rebound will happen."
Source
1. Disclaimer: The views expressed are solely those of the author and do not reflect the stance of Gen3. They are not intended as investment advice.
2. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as investment or other advice.