We are already in March 2021 now, I'm guessing first quarter of the year is almost over, now how many altcoins really benefits from btc hitting 50k ? In 2017 when btc hit 19k all altcoins are pumping like no tomorrow, even shitcoins made incredible bounces but why aren't we seeing such this time around?
In my opinion, 2017 is the rise of a trend that new users do not really know, along with the popularity of ICOs consistently. This year the bull run lasted in a more special way. But importantly, some of the major institutional investors are starting to bet heavily on bitcoin.
Community awareness and knowledge are increasing. They are sober enough not to make the same mistakes when going into shitcoin. By IEOs, IDOs can be advanced changes for which altcoins have little chance of price increases like 2017.