Bitcoin has been dominating thecryptocurrency market, and this is not new news. However, this has not left the Bitcoinuntouched by the volatility in the cryptocurrency market. Like any other cryptocurrency, Bitcoin hasits share in price volatility.
Anytime the price of the Bitcoin goes up; it takes the Altcoins along with it for a climb.Β Similarly, when the Bitcoin touches the red, the Altcoins as well as touch upon the red lines.Β It is a mass influence on every kind of Bitcoin, whether TCAT tokens, Litecoin or ETH.
Several factors influence theprice decision of cryptocurrency, which can be anything from primary demand andsupply, governmental laws, regulations, institutional investment, and a rangeof other factors.
The price dominance of theBitcoin has been influencing growth in the cryptocurrency ecosystem. There is a growing list of cryptocurrencies,and many of them are making alternative entry points into the cryptocurrencyecosystem.
Anyone who wanted to enter intothe cryptocurrency market would only consider Bitcoin in point of entry. There are more than 200 cryptocurrency pointsthat are designed to be better, providing for some decent profits for its investors. Some of these projects might not work as wellas one would want it to be, but these projects allow pushing in the non-Bitcoindirection many times. Some investors are looking at a non-Bitcoin experience.
The cryptocurrency markets are advancing, and investors are looking to benefit from highly volatile trends. Despite there are very few tokens that can touch the $1 billion valuations.Β There are just a handful of symbols with decent volumes.Β Several Altcoins have thinned out in terms of sizes, and some coins which were considered to be very hot are already forgotten, and those coins might never come back to the market in its old glory.
Several small-cap Altcoins havedone well, and they have gained 5%, and this included those like "CHZ,LINK, CENNZ, BSV, ATOM, CRPT, NEW, BAT, MATIC, and SXP." The price of CHZ went up by 18%, and LINKgained nearly 13%
The flash crash of Bitcoin didnot put a close to the Altcoins. Thereis a significant buyer interest seen for DOGE, and there are an improved buyerinterest and improved volume providing for a belief that this coin can pop upanytime.
The NEO is currently showing 20to 30% gains. The XRP is as wellexpected to provide for a significant run-up immaterial of what itsfundamentals stated.
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