if btc drops to 7-8k range what happens to alts?
then the altcoins will drop as well.. we have seen before that when bitcoin goes up or down then the altcoins will follow. I guess the altcoin investors relies bitcoin movement.
Well yes altcoins will follow bitcoin once it drops but not to the point it will also recover if btc bounce back.
As we can see the progress of btc from early of this year are quite good but alts remain at the bottom especially those altcoins that are not popular.
Nowadays a lot of altcoins or maybe we can called tokens not really good in market. Maybe because there are much kind of it and investors which start to be on bad phase. A lot of project fail make investor lose their money and we know if this thing keep happened, there are no investors left and tokens will not worth anymore. But maybe in other side, trader of altcoin, especially old altcoins can fill market with high volume trading like in past.