Post
Topic
Board Altcoin Discussion
Re: Alts will find their own course?
by
OZmaster
on 03/05/2021, 15:22:30 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?
All the questions because there is a clear decrease in BTC dominance falling below 50% and in the near past some Alts like ETH or even DOT have shown a normal growth.
Also some important people in the crypto world like CZ are talking about the same subject saying that there is no reason for some coins to lose more than 40% in value.
A bursting growth is yet to come for well established DAPPs.

So, do any Alt have the potential to avoid the crippling fall and why?

As far as my experience in cryptocurrency goes, no coin will hold up well if the price of Bitcoin drops. Because Bitcoin is the king of crypto. Although the growth of DAPP has not been significant, they are still following in Bitcoin's footsteps. Where Bitcoin goes is that's where Alt is located.

It is not because Bitcoin is the king of crypto, it is because Bitcoin reflects the largest interest group in the space and if they out of a sudden decide to leave for a reason that sends strong signals to all other communities as well. Bitcoin goes down and everybody says oh my god what's happening?