Post
Topic
Board Speculation (Altcoins)
Re: What's your opinion about today's Altcoin market situation?
by
southerngentuk
on 27/11/2020, 07:06:18 UTC
Till yesterday it felt like we are going through a repeat of 2017 but all of a sudden it's dropping down, what would have caused this dump? Is it related to drop in the value of Bitcoin or else some other reason like whales cashing out ? I feel it was a temporary correction which took place after altcoins went bullish especially XRP and XLM which gained over 100% in last one week.
In the past time we have seen altcoins have gone up a lot, there are many projects that have gone up a lot during that time as XRP has risen more than 100% during that time, and now will be the period of correction again. I think the big pumps are still ahead, so there is no need to be alarmed by market downturns.