Altcoins keep dumping even Bitcoin is going up.
Like today, we see Bitcoin is back to $10,000 resistance but altcoins still stay on their level.
The reason is Bitcoin dominance is almost getting on 70%, so that's why altcoin can not do anything.
Altcoins have no major competition with Bitcoin, and most of the other coins have been experiencing huge declines during the past year. It is really difficult to identify this market in the near future, but if altcoin does not have any major price improvements, altcoin will surely fall into crisis soon. Of course, everything is still very good right now but if Bitcoin continues to dominate this market, altcoin is no longer a good choice to invest.
although it is good for bitcoin, but I feel less when I don't see altcoin prices also pumping. it is true that currently, the price of dominant bitcoin rises higher, but that is not the reason why altcoin prices do not rise. In general, at the moment the price of altcoin has not yet recovered, I think the reason that is quite large is that its development is so far from bitcoin. although like that, I dominant hold altcoin compared to bitcoin right now. I hope, this year there is a good movement from Altcoin.