In times of volatility and uncertainty, investors tend to favor one particular crypto that has high liquidity and is stable. At the current time, Bitcoin price trend still dominates the market trend.
However, Bitcoin leading position seems to be doubtable as Altcoins have recorded a stronger rise recently and the market is less affected by Bitcoin. Instead of following the general price trend of bitcoin, many cryptocurrencies also start to follow their own trajectory.
This week, the altcoin works much better than both Bitcoin and Ethereum. The added value of the ERC20 tokens and the increasing demand for small cryptocurrencies of investors in the global market has proved that Crypto investors are more confident in betting their money on this market.
Saxo Investment Bank from Danish, with its aim to focus on online trading and investment, has announced in a recent report that the capital inflows from organizations to the Crypto market will lead to a rise in prices for most of these currencies.
Literally, bitcoin would still win among any other altcoins in the market. Although seems to be an avid fan and optimist about Bitcoin, it is just the reality that altcoin do still even need Bitcoin to be useful and to have a great value. Hence, even if the number of altcoin nowadays are much bigger if combined and compared to bitcoin and even if they could stand without Bitcoin, their community and trust will still far from what the Bitcoin has.