So regardless of the reason of this last dip. I noticed 2 of the top 10 coins ( XRP and XLM) sort of survived the dip and performed well against BTC which usually is not the case comparing this dip to previews dips . take 11th oct 2018 for example.
in USD rate in the last 7 days :
BTC dropped : 13.48%
XRP dropped : 6.7 %
XLM dropped : 9.2%
also XRP surpassed ETH "not for the first time" but this time i think it will last.
I think that these 2 coins will remain more stable than bitcoin for a long time.
seems like centralization or semi-centralization in crypto is going to take over one way or the other. I hope not but we shall see soon.
tell me what you guys think?
In the past bitcoin was highly volatile because of the ways newbies rushed into it but now it becoming more stable than before and not because it is good than other coins but because it is more popular than others coins and that is why professionals prefer it to others coins. I also believe that we should look at bitcoin as a currency and currency need to be stable in price before people can used it.