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RE: EOS Update: Reaching for the Top Line
If you think this is where EOS is heading then you should have the same for NEO, Vert, ETC and about 15 other coins.
Theyre all carving out identical tracks, i'd post pictures but it wont let me. When i say identical i mean identical, look at the 1 month chart they've moved in sync.
That is true for many crypto's - they all follow the big whale - BTC to more or lesser degrees. One way to trade in this setup is to trade those that deviated from the BTC trends occasionally but will eventually catch up with the BTC trend - call it over valued or undervalued w.r.t. BTC or ETH if it trades for ETH.
true, the reason for EOS to increase will be some big announcements about the EOS coin, for example bitfinex announced that there will be an exchange "EOSfinex" that will be built on the EOS blockchain
The reason is that most of the altcoins are only tradable in BTC, so they're tied to BTC price fluctuations.
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