Since BTC price started going up, all I see is almost every other altcoin being sold and dumped. At some point people re going to switch to altcoins and these are going to start getting pumped as well. This is what happened last time BTC went up and it s gonna happen again.
The main question is what price BTC needs to reach for alt to start facing some upward price pressures again.
I say about $600+. What do you think?
The main question is what price BTC needs to reach for alt to start facing some upward price pressures again.
I say about $600+. What do you think?
Now that is a good speculation thread, to be honest I vaguely recall that altcoins had an ideal ratio to Bitcoin that they keep, the problem is that besides Litecoin which had a fairly solid baseline the rest of those altcoins have never really experienced a Bitcoin rally and therefore have no known floors yet, I presume that the next best estimate is to value them by market cap range lacking the historical data and extrapolate from it a roughly known Bitcoin price.
My answer is unknown needs more data and research on my part atm
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