Hi, crypto enthusiasts!
I am thinking about recent situation on the crypto market. It seems that Bitcoin found the bottom and big investments are coming, but if you look at altcoins, almost every altcoin is bleeding and money is now moving into Bitcoin. Current Bitcoin dominance 47%!
Don´t you think that this could be end for many altcoins? Big institutional investors will not invest into altcoins...
What is your opinion.
Thank you!
I am thinking about recent situation on the crypto market. It seems that Bitcoin found the bottom and big investments are coming, but if you look at altcoins, almost every altcoin is bleeding and money is now moving into Bitcoin. Current Bitcoin dominance 47%!
Don´t you think that this could be end for many altcoins? Big institutional investors will not invest into altcoins...
What is your opinion.
Thank you!
No, it is normal for altcoins to bleed once the bitcoin price starts to rise. Once bitcoin price became stable and increased, the altcoin price will start recovering, investors will buy back on altcoins. Some altcoin might die, especially those who have no working product or no real purpose.
Yes, you are right,,
At this moment a lot of money moves from altcoins to bitcoin,,
So, this make the price of altcoins red,,
But, soon the price of a good altcoins will rising, when bitcoin have a little corrections
