The level at which the altcoin market is currently is where it should have been if btc were at 60k if it was a pre-institutional cycle. Btc is however still above 100k while most alts are down bad. Let’s say we didn’t have ETFs, Saylor, other companies buying btc. Then bitcoin price would have probably been synchronous to altcoins. Remember that etfs and institutions aren’t buying altcoins. Another factor of course is dilution. Considering all this, if you never sell on significant pumps(like the one in May), you’ll always end up paying the price. It’s not the same market anymore.

BTC1.61%
BAD6.07%
SAY-24.54%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)