Why you should be aware of a coming altcoin correction
Their are some reasons I suspect that bitcoin is about to have a comeback into the crypto space. In the last couple of weeks Altcoins have been on the rise. In an extraordiary rate alts have been pumped to phenomenal hights.
Altcoins tend to surge mostly because of twitter and important people talking about it and everyone jumps aboard to ride te wave. And if they rise, they just keep going because more people jump into to it. (no shit)
Altcoins Phenomenals rise!
Verge had an extreme bullrun, mostly based on hype and being the most private coin in the crypto world. This also happend because they were releasing their Wraith Protocol.
Just this week Tron had an amazing run up, at the time being it went up 450% in a time span of 7 days. Mainly because they were announcing partnerships on twitter. Teasing the public with Tron being an great crypto.
Ripple had a crazy surge going from 0.20 cents to 3.50 dollar, wich is incredible. Hitting a marketcap at this moment of 135 billion dollars. It sits on 18% market dominance, and thats also the point I am going to make about Bitcoin being so atractive at the coming time.
Bitcoin at 32% Market Dominance
Bitcoin has never been this low on the dominance chart. And you could say, "yeah because its a shitcoin with slow transactions and very high fees". Nevertheless Alot of people have to get into bitcoin first, before they can buy their altcoins. As the hype of all those coins start to decline and people made 10 times gains over their investment, they will want to take some profit into the safe haven that bitcoin can profide them.
People are going to get scared of losing all their gains when this correction is going to happen and everyone will move it into Bitcoin once again. So in my opion take abit of your Altfolio and put a certain percentage that you're comfortable with and put it into bitcoin.
Atleast in my opion, its very fragile now to have more than 75% of your crypto's into Altcoins. Try to even it out to Bitcoin or Ethereum, because that's just an awesome project and alot of room to grow in the coming year!
Conclusion
Move A portion of you gains to Bitcoin and Ethereum!