Market is reeling under extreme pains ,prices are going down and down ,but predictors are still predicting that market will rebound and profitability is round the corner .Can anyone suggest what are the fundamentals on the basis of which it is being predicted.
It is basically the "potential" that altcoins have. There is no scenario in the world where altcoins are useless, which means they are needed in the world and they will be used which means the more they are used the more they will be bought, people will buy them to use them later on.
When they buy altcoins the price naturally will go up. Utility is what makes altcoins worth more than what it is today, lets take ethereum for example, even just games part of ethereum means that there will always be buyers who buy ethereum to later on use it on a game, either its etheremon or cryptokitties or whatever game they want, thats just the game part.
Hence, altcoins are fundamentally needed for many things like that and thats why they have high potential to be valuable in the future as well.
