Why bitcoins down all altcoin down as well

Full disclaimer. Cole Petersen 4 hours ago. Intellyx publishes the Agile Digital Transformation Roadmap poster, advises companies on their digital transformation initiatives, and helps vendors communicate their agility stories. Regrettably, it is not enough for a Lambo.

What is Up With Altcoin Prices Following Bitcoin’s Price?

Anja van Oosterhout Jul 04, Published by digital asset firm Bletchley, a variety of indices put some altcoin losses at over half since April this year. The trend has wll intact in recent weeks, despite volatility in the Bitcoin price. At press time, it was smaller-cap tokens which showed the worst performance, trading 54 percent down in the past three months. That number improves slightly among other indices tracking altcoins with larger market caps, such as the top ten.

Don’t sell your coins for ones that are going up.

According to CoinMarketCap. So what happened? By taking a look at basic human instinct, it becomes easy to see why the bitcoin price has fallen to where it is today. It was the rising prices of coins like bitcoin and Ether that pushed these assets into the mainstream news cycles and grabbed the attention of those who just wanted to get rich quick. Everyone was out to make a quick buck on this new technology, and it eventually became clear that the actual use cases behind these projects were no longer relevant. As crypto asset prices continued to rise, more people who thought they could make a few quick bucks jumped on the bandwagon.

Global Coin Report

Disclosure: The author holds a small position in some cryptocurrencies. Ripple Cryptocurrency Ripple is a technology that acts as both a cryptocurrency and a digital payment network alycoin financial transactions. I work with an accelerator helping token salesand recently joined the team of a project I fell in love. Enjoy reading? Disclaimer Disclaimer: Information found on CryptoPotato is those of writers quoted. Birake Birake bills itself as the first ‘white label’ cryptocurrency exchange. The cryptocurrency world, therefore, will have two choices: switch entirely from permissionless to permissioned or perhaps semi-permissioned or shut down entirely. Allianz Chief Economic Advisor Mohamed El-Erian distinguishes between his belief that bitcoin is overhyped and unlikely to hit new highs again and his confidence in blockchain technology to truly innovate. Not all mining enterprises are criminal, of course.

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