Quote from: gee777 on October 26, 2019, 06:07:59 PM

Quote from: charlop24 on October 26, 2019, 05:54:13 PM

Quote from: Getadaaa on October 26, 2019, 05:37:20 PM

Quote from: Mrcharles on October 26, 2019, 09:56:25 AM

Quote from: ning_aric on October 26, 2019, 05:55:33 AM

Todays cryptocurrency market looks bullish. I guess its the announcement from President Xi and the Chinese getting a feel once more, or the season, or probably the new Eth 2.0 launch.
Btw, whatever it is, its a good time to buy cryptocurrencies and more especially at the crowdfunding stage.

I was amazed by the movement of the market in such a short period. The coin market cap rose from $205 billion to about $250 billion in less than 24hrs. This shows that there's huge potential in the market and nothing is impossible. I'm not certain of what could have necessitated such a swift movement, though the rumours in the space are logical.

Market growth happened so quickly. But bitcoin still holds a great share of the market cap. It just looks like its all been bitcoin all along. With a 70% market dominance, altcoins once again has to depend on bitcoin for the bullish market trend.

Exactly, that's true. Bitcoin holds a large chunk of the coin market capitalisation and am shocked its now up to 70%. This simple shows that the value of altcoin is dependent on the bitcoin. Bitcoin rose substantially at above 40%, this lead to increase in the value of most altcoin.

Yeah. It is the most dominant cryptocurrency and most altcoin are dependent on its price value and paired to it. I am surprised they rose with bitcoin, most times its the reverse.

I've heard people say that the increase in bitcoin leads to a decrease in altcoin and am always seeing the reverse. Firstly, for most altcoin on my watch list, I find that the value in terms of dollar equivalent, increases with the increase in the price of Bitcoin.
I personally can't say, if the value in terms of Bitcoin also goes through another phase of increase, but am certain in the terms of USD.