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…
Well, not ally coins in the market could keep up with Bitcoin especially with regards to consistency. If it is with altcoins then we can see SUI making another all time high at this point and other coins like MKR, ETH, and SOL recovers. Don't worry, in most instances, Bitcoin dominance happen and after that altcoins would be leading the market (although with no assurance but that's what our past shows). With your mentioned coins, I honestly don't know of these that much but if you really think these are good coins to hold then be patient.
There are even big names which aren't also keeping up such as XRP but it might just be taking time. Know what you are holding and be firm of it; bullrun has just began.
Bitcoin has just reached new all time high in the last few hours and my altcoins are starting to pump finally - hopefully this can be the start of a great few months for the crypto market
Bitcoin is going to do more than what you are seeing and that's why we need to be prepared for this bull market that is loading now. The success of Donald Trump in winning this election has made the price of Bitcoin and altcoins to skyrocket allowing the holders to make extra money for themselves. It has already been predicted that if Trump wins the election, it is going to trigger the price of cryptocurrency which many traders has already been anticipating for so they can make huge profits. Bitcoin has hit the previous high and I think we should be expecting more bullish momentum with time.
Can't say that it is has no contribution of the recent market pump. One reason is him being a pro-crypto politician. Most likely, the market anticipates the support this industry would get which triggered a pre-bullish pattern that we are seeing at this moment.