Please can one tell me what is going on with Altcoins?
Bitcoin pumps like mad - doing really well (latest pump) while Altcoins not only NOT pumping harder, but on contrary their price goes down…? I mean - WHY??
Example: TAO, Jupiter, NEAR…
the price of bitcoin is going up because many investors see the potential of bitcoin and more institutions are buying bitcoin for their backed etfs. while for altcoins, there is not much positive news that drives their prices up, so it does not encourage more people to buy altcoins because they have not seen a good reason to enter the altcoin market. but be patient, when the price of bitcoin goes up, altcoins will follow.