Post
Topic
Board Altcoin Discussion
Re: Will Altcoin's Price Jump?
by
spadormie
on 26/01/2020, 15:24:14 UTC
If the price of the Altcoin goes up, then the Bitcoin value will go up. The reason is that when the price of Bitcoin goes up, the price of Altcoin goes up as well.
Bitcoin should go up first and by bitcoin's market value increases altcoin's market value decreases. It's inversely proportional. It's because we have something we called btc dominance in which bitcoin dominates the whole cryptocurrency market. And surely after a bitcoin pump and when bitcoin stops or got its bull exhaustion, it's time for your alts to pop up.

Usually a single alt pump is caused by its company because of a good news or a good hype from people. That's where shilling is entering the conversation.