Ok, this is the real reason why Altcoins are going up. Don't listen to the news saying their technology has improved or they added a new thing. ITS BTC ETF!!!! Some people think, a ETF will pass this September. If it does, the altcoins will skyrocket. Bitcoin is not going up now, but it will skyrocket if an ETF passes.
Think of whatever altcoin explosive rise plus btc price times 2x-3x with an ETF. We are talking about some altcoins rising possibly by 10x n probably more. The penny coins, like dogecoin, stellar xlm are the once that will rise like crazy. Remember the XRP was the largest rise over 12 month period, that was worth pennies at the beginning and rose to over $2 per coin.
I'm not saying an ETF is definitely going to happen, but some people are thinking it is. Watch if the ETF fails, the altcoins may drop some. Although, it is likely SEC will push it off to next year. The problem with SEC is they still think the USA runs the world. It doesn't they can't control the price of Bitcoins. Ever since 2008-2009, Lehman Brother Collapse, the USA have lost it's grip on the world's money. They don't realize this. They still acting like it's the same as before.
** Disclaimer This blog is based on my opinions. I am not giving professional advice. Anything written here should be taken as an opinion and is the responsibility of the reader to take due diligence as such. Basically saying I may be wrong, right or neither, just saying its my opinions and my voice.