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RE: Which kind of correlation is there between BTC, ETH and altcoins/ERC20 tokens?
I agree, look at the overall market cap. Everything is down today, but money isn't leaving cryptocurrency. I would only really worry if the market cap began to fall drastically. The altcoins will come back up when ETH stabilizes.
Pretty much, one of my coins was down %50 and I was out of town with no trading access. It is now almost back to the level it was at. Wish I could have bought some more when it dropped to that floor.
This.
Altcoins go up and down, but if you zoom the charts out you can notice that they follow the global crypto market cap trend.
The only thing that bothers me is how ETH is performing well comparing to them, making me regret diversifying in such a bullish moment.
True, easy to look back and know what we should have done....rest assured, probably a pullback coming(entry point) before it goes higher again.