Lark addresses growing fears in the market - are altcoins finished? After a brutal crash and lackluster performance compared to Bitcoin, many investors are questioning whether the altcoin game is still worth playing. Lark says altcoins aren’t dead, but the days of blindly holding hundreds of coins are over.
Lark’s Outlook – Key Points
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Altcoin market is lagging badly – Most altcoins haven’t reclaimed their 2021 highs, while Bitcoin did so over 20 months ago. Even newer local highs haven’t been touched in many charts.
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ETH holds things together – Without Ethereum, the rest of the altcoin market looks even worse. Charts excluding ETH show much weaker recoveries and lower demand.
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Retail has left the building – There’s little to no retail participation in altcoins, and institutions are focusing only on top assets like BTC and ETH.
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Only a few coins are investable – Lark estimates maybe 100 altcoins at best are worth serious attention. The rest are high-risk and often short-term plays.
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Greed can return fast – Despite the fear, altcoins could pump hard once sentiment shifts. A single green candle can flip the entire market mood.
Final Takeaway
Altcoins aren’t dead, but the market has changed. If you’re investing, do your homework and stay selective. Don’t expect every alt to moon - most won’t.