When Bitcoin falls, Altcoins rise. A clear inverse correlation has developed over the years and it looks to be strengthening. This trending inverse relationship is best seen in the percentage of total market capitalization graphic from coinmarketcap that I’ve highlighted below.
Actually looks like Alts have been holding up relatively well in 2018, especially the “Others” group. I think this trend will likely continue, perhaps even accelerate, and Bitcoin will eventually be just another crypto in the middle of a big pack below 10% while the “Others” category moons above 50%.
Some might call this kind of thing a general flippening, others metaphorically talk about levees breaking, but all agree that we are going to see a massive transfer of wealth sooner or later whose biggest beneficiaries will be winners like STEEM and BitShares.
In addition to showing a generalized inverse trading relationship, perhaps this percentage weighting is also giving us a glimpse into the not too distant future.
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