Altcoin hodlers like me ofter wonder how the alts are going to move in response of BTC moves, in other words, we try to understand the relationship between the prices.
Sometimes BTC price goes up and alts also, sometimes they don't follow his move. Why?
In my opinion it depends on a second variable: the global coin market capitalization: As we can see in this picture taken from coinmarketcap.com, from the start of Febbruary the coinmaketcap didn't climb a lot, so the increase in btc price was funded by the altcoins (also mine alt coins). Consequently the medium Altcoin price went down and as seen alts are more volatile then BTC, the down move was very big.
Now i hope that BTC will brake the downtrend line showed in the following image, if this happen maybe we will have a new period of optimism and the market global capitalization will grow, at this point i think that the alt coins could grow faster then BTC because they are less capitalized then BTC for now. Infact i think it's easier to double a little capitalization of a little coin that then capital of BTC and, if capital doubles, given a certain number of coin, the price will also be double.
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