Do not get me wrong, of course this is a great time for crypto. But apparently every single coin except very few is rising by 2-digit percentages right now.
This growth of course cannot be maintained, but can this even be healthy for the market as a whole? This is currently pumping up way too hard. We went from below $500B to $650B total market cap over the course of a few days. On the one hand this makes me happy, but I have a lot of doubts for the near future.
Thats just my 2c
The values of every single cryptocurrency must be determined by the market. That is how it is in the cryptocurrency settings. That is if the coin is already opened to the market. The buying and selling and their respective prices are going to direct the movements of the coins. So for me, the rise in value, however rise and quick they are happening is healthy for as long as they are caused by the normal demand increase and not just some manipulated pump.