Topic: Is it a new trend of Altcoin Bull run? - page 6. (Read 672 times)
Actually the reason for this is, since Bitcoin of he first crypto coin, not all altcoins can be bought directly. For you to buy them, you first need to buy bitcoin and then swap to those altcoins. And before you can sell them, you still need to swap to bitcoin before you can sell. So its more like Bitcoin is the intermediary of those coin. So when the price of Bitcoin increase they also increase and when Bitcoin decrease they decrease, any trend Bitcoin takes they follow. However from my point of view of things, it seems they will experience the bull run with Bitcoin. Change is constant, anything can happen anytime so just be prepared for anything that might come.
We have often witnessed in the bull run that Bitcoin's value increases and once it becomes stable at a certain limit that's when bull run officially starts for Altcoins and we have seen same cycle in previous two bull runs. But, this time we are witnessing a different scenario as we have seen increase in the price of Bitcin but it's yet to reach ATH and it's still continuing to increase but Altcoin's are going bonkers and having more than 100% increase and it's not limited to few but most of the Altcoin is following similar trend.
Should be consider this as new trend wherein Altcoins will have bullrun before Bitcoin? Or this is once in a blue moon thing? It cannot be a bull trap since it's happening for multiple Altcoins.
Should be consider this as new trend wherein Altcoins will have bullrun before Bitcoin? Or this is once in a blue moon thing? It cannot be a bull trap since it's happening for multiple Altcoins.
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