Currently, there are over 5000 altcoins in the crypto market, and they accounted for more than 34% market capitalization of the crypto market in February 2020. Altcoins compete for market dominance and create fierce competition in the market. Some of them like Ether, Litecoin and Ripple have, over the years, increased in popularity and value.
However, the value of a coin is hinged to many factors (e.g. price trends and fundamental analysis). While other factors may be inconsistent sometimes, one always remains consistent: Bitcoin. No matter the potential of a coin, its value must be impacted by the current price movement of Bitcoin.
We saw this happen with [...]