I am aware some of you might not agree with my view but I strongly feel that the value of altcoins are correlated to the value of bitcoin and we have seen this in the past as value of altcoin trends according to the momentum of bitcoin, but now the real question would be "why the value of altcoins are still trailing behind wherein bitcoin has increased by leaps". All we need is a bit of patience as crypto will not go as per our expectation as it's not scripted and many might have noticed that the value of ETH was all-time high when the value of bitcoin started to dump after the 2017 bull run.
What's your opinion guys?
hmmm .. the correlation here is moving in the same direction, it is not certain that altcoins will go as high as Bitcoin. Depending on the market situation and the news influencing at that time. Previously, the price of Bitcoin increased 2% and altcoins would increase 4-5%, but now because Bitcoin is an asset worth holding during the period of fiat inflation, its price has skyrocketed. In essence, the problem here is still Supply and Demand, nothing more superior. What's your opinion guys?
