For those who lived during the past bear market ( 2018 /2019 ):
Can AltCoins go against the larger trend and actually pump nicely during a bear market ? I know there was a bit of a pump in 2019, so I don't know.. but right now I'm seeing Gods Unchained, Ox and a few other coins pump even if Bitcoin's Market dominance is still well over 42 %. Lets not also forget the market is still in a downtrend headed for lower lows at the moment. So would there be any point in trying to FOMO into altcoins pumping ?
It is possible for an altcoin to pump even though the rest of the altcoin is in a bear market. There are several factors why cryptocurrency increases its price value. Often time those that have small market cap tokens can easily get manipulated. We have witnessed this stuff several times, creating hype around the project boasting the economic value of the token. Aside from that, there are some Altcoin that is not dependent on the Bitcoin price.