Ethereum On The Run - Bitcoin Down But Ready For A Jump!
It´s nice to see Ethereum having a run right now, which makes it trade at values of about $1300 USD while almost all other big cryptos are down 5-20% at the same time. It seems like ETH has overcome the cryptokitty bumps and is now back up running to new highs :)
Nonetheless in my opinion there´ll soon be some devaluation happening in the altcoin market as it seems like Bitcoin is more than just ready for its next big jump towards the previous highs or maybe even more than that. With a market dominance of only 33% it seems to be oversold again and I somehow expect that it will jump to a 50/50 ratio once again.
This doesn´t mean of course that you should put all your money into BTC right now. Do your own research and jump in whenever you like ;)
What´s Your Opinion on the current market?
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bear in town and the alt coin (properly the shitcoin) that cost less than a dollar are coming up with huge pumps.
Hope they are not inflating the bubble
I also expect dominance to go up, but this can also happen with Bitcoin price going down (if alts drop even faster). This type of movement has happened before.
It's interesting indeed how Ethereum just doesn't care about the overall market and just keeps on rising!