Why altcoins may be independent of Bitcoin in 2021

ambcrypto.com
3 min read
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The alt season of 2017 was an accessory to Bitcoin's bull run. Once Bitcoin's price rallied to a new ATH, investment started pouring in for altcoin projects. This meant there wasn't much independence in altcoin rallies. Besides, short-term BTC tops were followed by altcoin rallies as investment flowed in and out faster, in altcoins. However, […]
The alt season of 2017 was an accessory to Bitcoin's bull run. Once Bitcoin's price rallied to a new ATH, investment started pouring in for altcoin projects. This meant there wasn't much independence in altcoin rallies. Besides, short-term BTC tops were followed by altcoin rallies as investment flowed in and out faster, in altcoins. However, in 2021, this changed.

Top altcoin Ethereum had been leading the way with the launch of ETH 2.0 and a price rally to $1300, so the rising market capitalization and high OI in ETH futures resulted in the rally, led by Ethereum. Most altcoins in the top 10, based on data from CoinMarketCap posted double-digit gains. Altcoins like Stellar…
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