Analyst: If crypto projects want to continue attracting healthy venture capital funding, the altcoin market needs to undergo a significant rebound

ChainCatcher news, according to Cointelegraph, crypto analysts say that if crypto projects want to continue to receive healthy venture capital funding, the altcoin market needs to experience a significant rebound.

Will Clemente, co-founder of Reflexivity Research, stated that unless altcoins see a "substantial bull market," fewer crypto projects will receive funding support, and the overall valuation of the altcoin market will decline.

He said, "Given the increase in supply in the market, I expect funding to be more dispersed, and I am not confident about the occurrence of this rebound."