Everyone is holding and saying prices will go up again what can make prices go up again ? I do believe it will go up but not like last December unless something comes in and changes the market so what do you think it could be ?
Holding is one of the reason why an Altcoin will pump because when people wanted to invest more of that coin but the circulation is very limited then that's the reason why it will pump just like Bitcoin.
There are only 21 million of Bitcoins but around 16.5 million is circulating but most of that circulation supply, people and investors are holding it so that's the reason why the Bitcoin price is higher today since the circulation is very limited but at the same time the demand is somehow higher.