Quote from: Saisher on November 30, 2020, 11:00:21 PM

Quote from: qualitywork on November 26, 2020, 06:15:31 PM

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.

Not all altcoins are created equal so expect only the top altcoins in the market to make a steady gain what happen in 2017 is not going to happen in the next all time high, only coins with pure potential are going to gain on this new all time high so watch and check what you are investing or you could be in a lot of losses.

You forgot to mention the Pump and Dump coins that can generate income also(for those in right timing because more will surely trapped)
But yeah not all coins can survive the market because of the competition and the demand.
But at least the altcoin season is starter by Defi coins in which makes a break this past months so the normal coins is also waiting for their time and if not this year then expect in 2021.