DeFiance CEO: Altcoins are facing their bleakest moment since FTX, but this is also an undervalued investment opportunity

DeFiance Capital CEO Arthur Cheong posted on X that this may be the bleakest period for altcoins since the FTX collapse in November 2022. More than half of the trading pairs are at historical lows, and even with a rebound in Bitcoin, there are no signs of a bottoming out. However, for investors with a holding period of over a year, the current market is nurturing severely undervalued investment opportunities.