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 ?
I personally exited the market almost entirely, plan to re enter when Bitcoin hits 15K or even lower. Then again I've noticed some alts coming desperately close to the negative 98% mark... you have to wonder how much lower can they go
Good Alts can pump anytime, it not only depends on prevailing market conditions but also on development going behind the project, likewise Ethereum merger is well is progress and it is likely to complete within a month, so it will definitely have good impact on its price because this development will create more demand of Ethereum. Another example is burning of coin event that reduces supply of coins, hence makes good impact on price.
Not all good alts can pump but as well those shitcoins which undergo on massive hype can pump to but expect for them to get dumped fast because that's how scam devs make their investors think that they are more reliable compare to any other top coins which is suffering from dump brought up by bear market season. I also see so many tokens do this burning of supply but its not sustainable if the developers are totally selfish so better secure your pockets first before you see a pump before believing that there's more to come.