The Intricacy of Altcoins in Bitcoin's Boom

[Kyoshiro]

Altcoins, or explicitly alternative coins have common in correlation status of increase with Bitcoin prices. Most of these tokens accelerated in investors perceptions occasionally making it out of most better than the first cryptocurrency. After the Bitcoin's boom, this currency became more appreciated since its demand of investment has increased. Few examples are Litecoin, Dogecoin and Ethereum (which is considered as the currency after Bitcoin). But still Bitcoin's overpowered authority to take advantage in the market makes some Altcoins lower than their expected futuristic price making it either valuable or not. Investors that took the risk when Bitcoin's up to almost $24,000 and its sudden deceleration made them more uncomfortable within the crypto world saying that they had lost partial 70% of their investment which Altcoins couldn't alter. As we dig deeper, Bitcoin is still unconsidered as a solution in money's futuristic approach but maybe we cannot admit that it is really helpful and in its fall, Altcoins took support. So when it had its real comeback, it will never disappoint its hard holders.

[debra]

I understand this explanation. Well, so Bitcoin greatly affects the existing Altcoin market. Indeed, there is one Altcoin that is predicted to match Bitcoin like Ethereum and others. Along with Altcoin's development and the increasing number of Altcoin users, maybe it can happen, but for Ethereum it will be tough, because Bitcoin is too strong to be matched in the current coin investment market.