In times of volatility and uncertainty, investors tend to favor one particular crypto that has high liquidity and is stable. At the current time, Bitcoin price trend still dominates the market trend.
However, Bitcoin leading position seems to be doubtable as Altcoins have recorded a stronger rise recently and the market is less affected by Bitcoin. Instead of following the general price trend of bitcoin, many cryptocurrencies also start to follow their own trajectory.
This week, the altcoin works much better than both Bitcoin and Ethereum. The added value of the ERC20 tokens and the increasing demand for small cryptocurrencies of investors in the global market has proved that Crypto investors are more confident in betting their money on this market.
Saxo Investment Bank from Danish, with its aim to focus on online trading and investment, has announced in a recent report that the capital inflows from organizations to the Crypto market will lead to a rise in prices for most of these currencies.
This will depend on the outcome of every cryptocurrency in the market, especially altcoins. Just to give you my idea, there exist superior altcoins in the market today since they have their specific functions and process that outweighs that of bitcoin but what makes bitcoin the reigning cryptocurrency is its years of development and revolutionary idea that changed the method of wireless payments. The price of bitcoin in the market is superbly high- which makes it the perfect investment tool in the market. Despite having numerous altcoins that are superior, bitcoin will continue to remain at the top if this continues.
The only way that I see that bitcoin will fall if investors suddenly shift their view and transfer their investments into another altcoin- which I think is possible in the distant future.
