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.
