- On Friday, many virtual coins saw a violent sell-off with billions of dollars wiped off of the entire cryptocurrency market.
[1]- Experts have cited worries over tighter regulation and concern that a digital coin called tether could destabilize the cryptocurrency market.
[2]
The last two days witnessed a harmonious movement of all currencies up and down "Almost all currencies have the same graph".
We have seen the same ups or downs for all currencies at the same time.
Do you think the market is going to be centralized? Or that Bitcoin has the greatest influence on this?
Do we really need all this number of currencies?
Everything that all exists in This Field of the cryptocurrency is having Thier own advantage because there existence give impact over the another coin's market easily .
And if you are thinking that the market of the altcoins ( discussion about better better coins which are known by the most of the people in this field like etherium , dash , litecoin etc ) are going dump and pump with same cycle with single factor then surely you are wrong Because fluctuations depends upon many factors , mainly when the bitcoin's price getting high than the market of the altcoins getting and and vice versa .
And also with these small time analysis we can't say that Cryptourrency we going for the centralisation .