A crypto analyst warns that a substantial bull market is necessary to avert the risk of venture capital (VC) funding for altcoins running dry. This is due to excessive allocation of money to funds that are underperforming their benchmarks.
The analyst highlights that the current funding landscape is precarious and a bullish market would help in attracting much-needed capital.
Without significant market gains, the sector could face a funding crisis, impacting the development and innovation within the altcoin space.
