Everyday I see lots altcoins on Binance increase 10-40%, then I look at BTC dominance and it stays relativly the same around 44.3%. Are smaller altcoins just draining Ethereum, XRP, ADA, NEO and other big coins of their marketcap?
Binance in this week is presenting a free of charge promo on his exchange. Of course, lots of people are rushing to buy altcoins there and transaction data present the existence of increasing. Maybe this is what you see, try to see next week what will happen in binance.
I only see ETH NEO and bigger coins going down in price quite hard actually. Unless I am wrong?
Similar to what I've seen lately they hit the floor hard and I have not seen any improvement in altcoin.