Reason being the recent rise in
prices of Altcoins like Ethereum, Dash, Litecoin, etc has made investors and traders shift their interest from Bitcoin to Altcoins.
Usually whenver Bitcoin prices increases drastically,
prices of altcoins drop as investors shifts from Alt's to Bitcoin.
Not limited to Bitcoin, this week has seen
many prices of altcoins collapse providing the perfect opportunity for high returns in the short term.
2018 has been a bumpy ride downhill for cryptocurrencies,
with prices of altcoins like Ethereum, Litecoin and of course Bitcoin being cut in half from their pre-Christmas peak.
You only need to worry about
the price of the altcoin at the moment of the transaction.
With decreasing Bitcoin prices,
the price of altcoins also fell drastically.
Top Ten Altcoins Last week's correction continued and
the prices of Altcoins were falling on each day.
This fall in Bitcoin price, boosted
the price of altcoins.
Using a review of 3 past altcoin bear markets, where the rate of selling off matched that of surges that came before them, the bitcoin bull emphasizes he has every reason to believe the current drop in
the price of altcoins might have ended.
Nothing will boost
the price of an altcoin better than a listing on a major exchange.
All eyes are now on the Twitter feed of the altcoin for the announcement of the partnership which could well send
the price of the altcoin even higher.
The sharp drop of Bitcoin was mimicked by
the prices of altcoins, with the top 50 coins losing up to 31 percent of value over the last 24 hours.
Even
the prices of altcoins like Ethereum, Cardano, Ripple, Stellar, and NEO were all buoyed to new heights by the increased demand from investors seeking to take a piece of the action.