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?
Bitcoin is the mother of cryptocurrency so every coin depends on the bitcoin market. Yes, sometime BTC market down huge more than altcoin but it does not mean that all altcoin down same %. When btc down so huge altcoin must be down and i am sure that some altcoin maybe out on exchanger and there trade volume going to 0.000. We cannot think that only eth,waves,xrp is the only altcoin because there have lot of altcoin on crypto market.