Steemit ranked 1000 & STEEM (altcoins) is crashing

in #zappl8 years ago (edited)

Irony of the cryptocurrency market is trend rules the fundamentals. BTC has some positive news, it is down or moving sideways. Alts are now trending down no matter what are the fundamentals. Long term HODL for alts with strong fundamentals.

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All crypto currencies are in an almost frozen state except btc what happens?

BTC's transaction fees have fallen, which is a good news. That also means, there is less demand for altcoins which work as a currency. However, it sets the overall tune of the market.

thank you very much for the information, I had no idea ... I hope the market comes out of its freeze soon

Good information

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