What we see in crypto market in that most of the altcoins move together. It includes all altcoins from ethereum to steem to coins with tiny market cap. In this altcoin rise phase bitcoin dominance decreases and altcoins shoot up. In this period there is significant growth in altcoins, most altcoins move 100% +.
We had a mini altcoin season and now bitcoin dominance is in support. If it bounces from support we will see a altcoin crash and if we break that support, the real party begin.
- I am not a financial advisor.
- You should trade only if you can loose money and still be fine.
- Do your own research.