Top crypto VCs say the Fed is key to next altcoin rally – DL News
- Arrington Capital execs point to two crucial catalysts in the market.
- Until then, they’re not exiting any positions.
Altcoins, cryptocurrencies beyond Bitcoin, are suddenly top of mind.
After Bitcoin broke a record high on Thursday, investors are now focusing on the rest of the crypto market.
But investors looking to cash out on their holdings still need to hold out a little longer.
“It’s been a pretty anaemic cycle,” Ravi Kasa, Arrington Capital’s newly appointed CIO, told DL News. “We’re still pretty early days, outside of Bitcoin.”
Ethereum, the second-largest cryptocurrency on the market, is still a whopping 45% from its record of $4,878, according to CoinGecko. Likewise, Solana is down 36% from its all-time high set in…
