The market for altcoins might change int he 2nd half of this year if the ETH 2.0 will be successfully launch.
I know there's no definite date yet as Vitalik has not confirm the launch date, but people are already speculating and they want it sooner since they have been waiting for too long. When ETH dump, the rest or most of the altcoins lose its value, so maybe ETH would be the answer to bring back the bullish market for alts.
So many tokens are relying on Ethereum update and price and you are right when you posted the launch date of POS will have an impact on the price of altcoins but we all know Vitalik he is very unpredictable, maybe he'll just surprise everybody with an announcement, market is still in standstill but I like the market now, than when the pandemic started.
That market looks stable and we can tell that we have survive the effect of the pandemic which was the sudden crash.
Stocks fall while bitcoin is quite healthy, I think this would attract investors in the long run if the recession will come.
Initially, it was confirmed to be July, but I don't know if they can hit that target, ....<snip>...
Actually it was not confirm, (
https://www.coindesk.com/vitalik-buterin-clarifies-remarks-on-expected-launch-date-of-eth-2-0)
When reached by CoinDesk on Tuesday, Buterin offered a statement:
“I re-listened to the interview. The question indeed contained ‘July’, I don’t recall hearing ‘July’ so it sounds like it’s my fault for mishearing. Apologies for that,” Buterin said via email. “My actual stance is that eth2 is ‘on track’ in that there aren’t any unexpected bumps in the road, testnets are coming along, etc, but I defer to the client devs on timelines and if they are now saying ‘Q3’ more broadly then I believe them.”