Post
Topic
Board Altcoin Discussion
Re: Alts will find their own course?
by
OZmaster
on 27/04/2021, 22:12:09 UTC
What do you think will happen to Alts in the next BTC bear run? Are they going to follow BTC road to his next 200 days lowest point (around $32471) or with the money flow pumping in a lot of cryptocurrency based companies will they keep growing and moving forward?

Altcoins will definitely follow the bitcoin bearish trend. The question is how can you sure if bitcoin will go to the 200 days lowest point again? The market is starting to get the trust again after some good news that already released. The dominance of bitcoin was getting eaten by altcoins.
If you are old crypto user and you would have ever seen ripple was taking bitcoin's place. altcoin is increasing gradually and this will be eating the bitcoin dominance at the same time.

There may be a handful that will follow its own path, but overall most alts will follow Bitcoin. There is no way around it. It is also because investors want to exit during a downtrend. They change their alts into Bitcoin and then sell. That takes money out of alts and out of Bitcoin.