We have all seen the ripple market cap double in just a few recent days and taking up the number 2 spot in place of Ethereum. The sporadic increase in market cap has caused skepticism on whether its a normal market force of demand or a targeted investment scheme that might have an ulterior motive in the market.
Over the bitcoin years we have seen natural btc price rise and falls that have had a direct correlation with the size of the market cap and its decentralized nature has over the years given a lot of confidence to the bigger size of the populace excluded from the financial world.
Bitcoin and other alt coins also naturally respond to various events happening all over the world. In my own opinion to all those in the crypto space, you might want to specifically target your investments to more decentralized coins in the market whereas if you put your money in those coins that have a majority stake of over 70% belonging to a specific smaller group pf people, your investment might be adversely affected in the future.
This is so because the smaller group of investors can always dictate the price movement of the coin more so when its not being mined.
I stand to be advised on some of the opinions above. Let me know your thoughts!
