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RE: The Bitcoin Suck is in full effect, but don't worry Altcoins will have their day in the Sun

in GEMS5 years ago

The basics in the flow of capital. It is present in all markets of every sort.

Where is the money going?

For crypto, Bitcoin is the starting point since it is the one all know. For Alt-coins, it still comes down to utility. Those projects that keep making noise will get involved in the run at some point.

That is the major difference between now and 2017. I do not believe most altcoins will partake. Only those that are actual projects, trying to accomplish something will be included.

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Looking at correlation charts, that is probably not going to be the case. Most of the top 100 still all go up and down together. Meaning that during an altseason all ships rise mostly regardless of fundamentals.

Fundamentals matter somewhat, but not as much as they should. Just need to get your project within the Top 100 on CMC and then wait for altseason.