The altcoin walk is $800 billion lower than past cycles suggest — and a shift in retail sentiment may have killed it.
A new estimate from 10x Research claims that the non-Bitcoin token complex has been starved of capital this cycle, largely because retail investors, particularly in South Korea, have gravitated toward crypto-related stocks instead, while Bitcoin has boomed on institutional inflows. The estimate comes just weeks after a record selloff wiped out swaths of the altcoin market, amplifying fears that the speculative playing field for digital tokens beyond Bitcoin and Ether may never recover.
