I do not understand what happened to some altcoins, I know that when correction, red altcoin dominates the crypto market.
but when the bitcoin correction, there is still altcoin that has increased and rises significantly.
what factors make altcoin rise when bitcoin falls?
share your knowledge with me!
indeed bitcoin is a coin that becomes a barometer for altcoin, but if the bitcoin price falls but some altcoin rises,
- first reason: it could have been making a breakthrough from a team of developers either launching in a new exchange or a new product
- the second reason: it could be a coin of the community / or already controlled by a large community that can play around the price because of the low supply and the cheap term "dump n pump" coins and this is very risky for those who do not know about the coin.
- and the last reason the coin rises when bitcoin down is a new coin release on the market, because the project from his dev is successful then the price soars high