Shitcoins got rekt big time!

[cheezcarls]

The last month, never mind the last few days, have been rather trying for cryptocurrencies. Bitcoin, at the head of the ecosystem, has fallen substantially, but overall, it is the smaller cryptos, with lower market caps, that appear to have taken the brunt of the bearish turn.

Bitcoin’s own market dominance has been falling in the past few months, almost its price. However, the threat of an altcoin season has far from been realized, as BeInCrypto has previously touched on. In fact, it was pointed out by cryptocurrency analyst Joseph Young (@iamjosephyoung), that the smaller market cap coins have been hit the hardest in this latest drop.

Source link here

[masterrex]

The last month, never mind the last few days, have been rather trying for cryptocurrencies. Bitcoin, at the head of the ecosystem, has fallen substantially, but overall, it is the smaller cryptos, with lower market caps, that appear to have taken the brunt of the bearish turn.

Bitcoin’s own market dominance has been falling in the past few months, almost its price. However, the threat of an altcoin season has far from been realized, as BeInCrypto has previously touched on. In fact, it was pointed out by cryptocurrency analyst Joseph Young (@iamjosephyoung), that the smaller market cap coins have been hit the hardest in this latest drop.

Source link here

Its been the harsh truth still most altcoins are not yet recovered from the previous dump even those top altcoins in the market is struggling to recover its status but its not happening yet if those top altcoins are still struggling what about those so called shitcoins i believe soon most of them will disappear in the market.

[Istiak]

It's true that top alts have a hard time to recover from their price dump. But I saw some shitcoin still in the market and keep their price stable. Don't know how but some even move up a little bit. Peoples are buying them for a quick profit.

[trauchot]

In the near future, you should not wait for the growth of altcoins, I think everyone has already understood that all big players are only interested in bitcoin for a long time and when big players will begin pump altcoins, it is unknown and generally I can not believe in altcoins pump already...

[WhiskeyHoney]

I pray that next year everything will change for the better!

[aji678]

when bitcoin falls, altcoin is difficult to get up and also shitcoin still survives. I am among those who still survive with bitcoin and altcoin, until waiting for halving bitcoin 2020.