Andrei Grachev, the founding father of DWF Labs, a controversial cryptocurrency market maker firm, touched on the speculations concerning the altcoin season in his assertion.
Grachev talked about how, in mild of Bitcoin’s final massive rally, some market members suppose that this time the scenario is totally different and altcoins is not going to have a flip. These members suppose that the cash flowing into the cryptocurrency market goes to Bitcoin, not altcoins.
Grachev mentioned that this thought was a mistake and that he thought-about it utterly improper. He said that there are a lot of respectable altcoins out there which might be effectively beneath their worth, however he didn’t identify a particular altcoin.
Nevertheless, Grachev mentioned that those that suppose they’ve missed alternatives within the rallies to this point mustn’t fear and that the altcoin season has not began but.
DWF Labs, led by Grachev, is called a comparatively new market-making firm and has been accused of manipulating the market by different market-making firms. Nevertheless, Grachev had harshly rejected these allegations in his earlier statements.
*This isn’t funding recommendation.
