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❕NEWS Altcoins see massive increase in light of bitcoin price rises

AudraMiller

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As we all know, there is a correlation that exists between bitcoin and other alternative cryptocurrency coins, and from what I have seen it seems that that is generally in the sense of a direct proportionality relationship. Therefore, when the price of bitcoin increases, there are also increases in some other cryptocurrency coins as well. Some of the most notable cryptocurrency prices rises due to the bitcoin bull run that we have being seeing recently include, IoTeX which actually saw a three digit percentage rise of over 185 percent. WINk had a lower price increase, however was still classified among the two 7 highest percentages changes over the last 24 hours, coming in at just under 64%. What are your thoughts on the price increases that we are seeing in these altcoins, and are these cryptocurrencies that you have invested in previously?
 
It also have its negative impact because once Bitcoin is decreasing the altcoins would really find it hard to increase more ,even if they are on a bullish trend ,the force of Bitcoin would still force it to fall rapidly since it would move in that direction of Bitcoin and nothing more than that ,when it comes to growth
 

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