Andrew Kang: It is still expected that there will be considerable returns in the field of altcoins

Andrew Kang, co-founder and partner of the crypto venture capital firm Mechanism Capital, wrote that in the past few months, almost all currencies have risen sharply against Bitcoin. He predicts that BTC/ETH will mainly fluctuate within a range in the coming weeks as volatility continues to compress with the institutionalization of major cryptocurrencies. He still expects considerable returns in the altcoin sector but primarily limited to Memecoin due to slowing inflow of new funds into the crypto market. At this stage, he anticipates older generations native to crypto investing more in Memecoin as many people will no longer be able comfortably profit from an all-rising market trend. For those not participating, their biggest risk is Memecoin rising while other altcoins fall. Nothing stimulates acceptance of new trends more than obvious liquidity loss.