What is happening to altcoins in this bull season - page 4.

malcovi2

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Quote from: Ceyflix-Rez on March 03, 2021, 04:34:00 AM

Quote from: malcovi2 on March 03, 2021, 03:41:13 AM

What i noticed is, DEFI and NFT mostly boomed this bullrun and only a handful of altcoins really followed the price increase.

Not all DeFi projects are booming too, it's just as if investors know where to put their money now compare to past years and fortunately this is a good thing overall, once bear market starts many shitcoins will seize to exists

most of the defi are passive income, i dont see it going lower when people can earn easily without doing any effort.

triat

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Quote from: danherbias07 on March 03, 2021, 06:18:02 AM

Stablecoins happen. Cheesy

Before Bitcoin sellers would sell it for altcoin and vice versa.
That is why it keeps on moving non-stop at both end. Alts and BTC.
But, when stablecoins hyped because of the easiest and fastest way to trade with lower risk, traders begin to use it more leaving the altcoin industry with low volume or nothing.
Right now, when you sell BTC, will you sell it for an altcoin associated with high risk?

it is true, most of their friends farm for stablecoins, not for altcoins, because the risks of creating liquidity pools for stablecoins are very high)

danherbias07

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Stablecoins happen. Cheesy

Before Bitcoin sellers would sell it for altcoin and vice versa.
That is why it keeps on moving non-stop at both end. Alts and BTC.
But, when stablecoins hyped because of the easiest and fastest way to trade with lower risk, traders begin to use it more leaving the altcoin industry with low volume or nothing.
Right now, when you sell BTC, will you sell it for an altcoin associated with high risk?

Jating

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Quote from: casperBGD on March 03, 2021, 06:08:21 AM

Quote from: malcovi2 on March 03, 2021, 03:41:13 AM

What i noticed is, DEFI and NFT mostly boomed this bullrun and only a handful of altcoins really followed the price increase.

yeah, DeFi and NFT are mostly up, with BSC chain additions up as well
one cannot expect that all tokens/coins hit new ATH, especially those that have no value nor development, such as XRP or EOS, that are still hoovering on 10% ATH at the moment

new times, new hunts, just be careful not to be left out in those that are one-shot wonders, and there will be a tone of those in this bull run, as always

ADA, DOT BNB to name a few, those are solid coin to begin with, so no surprised that they enjoyed the crypto bull run late last year and starting this year.

And then we have the whole staking, Defi and now NFT, so obviously, there are a lot of money flowing into the eco-system. And as the market evolved as well, so is where the coming is being pour Forget about shitcoins, they won't enjoy the support of altcoin investors in this current set of rally, very different from 2017.

casperBGD

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Quote from: malcovi2 on March 03, 2021, 03:41:13 AM

What i noticed is, DEFI and NFT mostly boomed this bullrun and only a handful of altcoins really followed the price increase.

yeah, DeFi and NFT are mostly up, with BSC chain additions up as well
one cannot expect that all tokens/coins hit new ATH, especially those that have no value nor development, such as XRP or EOS, that are still hoovering on 10% ATH at the moment

new times, new hunts, just be careful not to be left out in those that are one-shot wonders, and there will be a tone of those in this bull run, as always

cryptomaniac_xxx

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Quote from: Daodex on March 03, 2021, 03:03:25 AM

We are already in March 2021 now, I'm guessing first quarter of the year is almost over, now how many altcoins really benefits from btc hitting 50k ? In 2017 when btc hit 19k all altcoins are pumping like no tomorrow, even shitcoins made incredible bounces but why aren't we seeing such this time around?

First, investors have matured already, specially those who are here in 2017's altcoin rally, they've learn that most of them are just for pure pump and dump. Second, the money is still in bitcoin, just look at the price, Third, if there is a altcoin rally, majority are just in the top coins only, no rally for shitcoins, unfortunately.

Flowzer

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Many of altcoin benefits from this bullrun, especially coin which have great news and events at that moment.
But yes still many coins too didnt get their chance to be rising, EOS even didnt achieve its half of ATH at this time.
I believe that bull/bear seasons will not like before where its really like a flipping coin, nowadays bull/bear can happen more frequently take turns.

Ceyflix-Rez

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Quote from: malcovi2 on March 03, 2021, 03:41:13 AM

What i noticed is, DEFI and NFT mostly boomed this bullrun and only a handful of altcoins really followed the price increase.

Not all DeFi projects are booming too, it's just as if investors know where to put their money now compare to past years and fortunately this is a good thing overall, once bear market starts many shitcoins will seize to exists

gurunanakji777

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Altcoins are taking time but you must understand the current bull market is different from the past bull run. I don't think this time one should expect shit coins to rise. If you see the top altcoins they all are moving well and so that we can not say altcoins are not moving and you should see the market from a different perception. Good potential altcoins are rising.

Coinsfera

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Quote from: Daodex on March 03, 2021, 03:03:25 AM

We are already in March 2021 now, I'm guessing first quarter of the year is almost over, now how many altcoins really benefits from btc hitting 50k ? In 2017 when btc hit 19k all altcoins are pumping like no tomorrow, even shitcoins made incredible bounces but why aren't we seeing such this time around?

Now things changed a lot. People are more careful now. They try not to invest in random altcoins and wait to yield some profit. Although still there are such people investing in 0.000001 valued coins and waiting for them to double. Still, there are some altcoins that pump and dump on the same day but not as in 2017. Cryptocurrencies seem more mature and planned now.

malcovi2

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What i noticed is, DEFI and NFT mostly boomed this bullrun and only a handful of altcoins really followed the price increase.

CryptoATM

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If what you are referring to is the almighty pump of shitcoins it's never going to happen again, look at coinmarketcap all popular and useful altcoins are pumping in value, here is what I expect once this bull season is over

Many coins are going to die, especially shitcoins, they already failed to pump and it will worse for them once bear market starts, this is the beginning of the end for shitcoins

Lagduf

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All of the legit coins already got a lot of benefits from the bitcoin bull run but it's not only that so many parties are starting to consider altcoins too. You can see so many big companies starting to join in the various altcoins.
I will take flow as an example and so many big companies joining its ecosystem and start to use NFT item.
Dude, did you see that altcoins have been growing a lot? Shitcoins will never be pumped again at least not for this time.

HashingTower

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That's exactly what I expected, 2017 bullrun was like a blinding veil for many crypto newcomers, they pumped money on shitcoins and the old holders made the biggest gain, now things are a lot different, people finally now understand the difference between projects with real use cases and nonsense coins

cryptoaddictchie

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Quote from: Daodex on March 03, 2021, 03:03:25 AM

We are already in March 2021 now, I'm guessing first quarter of the year is almost over, now how many altcoins really benefits from btc hitting 50k ? In 2017 when btc hit 19k all altcoins are pumping like no tomorrow, even shitcoins made incredible bounces but why aren't we seeing such this time around?

Because altcoins now have different perspective and also those pumped can be considered only as bubble unlike now that the pump is natural one. I like the way how it pumped now since its coincide with the market and not just totally rely on bitcoin movement. But of course still affects it. Since bitcoin has been paired by majority of altcoin and pegged to the value of altcoins too.

Daodex

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We are already in March 2021 now, I'm guessing first quarter of the year is almost over, now how many altcoins really benefits from btc hitting 50k ? In 2017 when btc hit 19k all altcoins are pumping like no tomorrow, even shitcoins made incredible bounces but why aren't we seeing such this time around?

Topic: What is happening to altcoins in this bull season - page 4. (Read 650 times)