Price of altcoins is dropping, nearly 85% of altcoins suffer from the recent bitcoin boom because most people exchange their coins for bitcoins.
What is your thought on this matter?
This is natural because as we can see now in the market trend that BTC value is fast increasing compare to altcoin in which this will result to attract many altcoin holders to give up their coins for BTC to be onboard of the rapid price increase. If only altcoins is widely accepted in local exchanges i think many will continue to hoard it because as of now we need BTC for fiat.