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 just the normal thing that is usually expected in the crypto market. Most traders think the same way and with this expectancy, Alts usually gets dumped once the big guy is correcting.
It does not last anyway, because once the correction is over, they usually get back up and then we start seeing greens like we are seeing presently now. Traders are here for profit and their actions do have a lot of effect on the market as we cannot all be HODLERS