as usual many factors. What i can see:
-some people jump out for rising btc
-some real trashy (older) alts are overpriced. That has to come off at one point.
-some other (newer) trashy alts have recently been hyped with no end for no reason and took effectiveley a lot investors money away from the more desirable coins. Those pump-and-dump-par-excellance-coins, Animal and spam-coins are dumped of course and the only one profiting here was the early miners.
Cats, dogs, turtels, birds and fishcoin - nobody can remember them tomorrow i am affraid.
quality-alts will go back up and higher. Trash dumps. No problem.
as always: buy the panicsellers. all good. it's all going to go higher. Even the trash can go higher. I think we have nothing seen yet. Tbh i think this is only a very short decline. A little dip btc-wise. When btc is on the next plateau alts will follow in a day.
Think ltc: Maybe it went from .032 to .028 in two days but it will surely not fall below 18 or 20$ while btc is going up. So i don't think anybody is loosing big $ here. Probably only panicsellers loose like they always do.
Bottom line: don't buy hyped up meme-shit. It's really spam. I am holding on to my xpm and ltc.
nmc, ppc, xpm is still much higher than last week. They will not crash.
Cats, dogs, turtels, birds and fishcoin are petcoins
But
Tigercoin is wild and strong animal, and pretty good priced at lower level
Tigercoin deserves stronger pricelevel.
We will see.
At my charts every coins crashed, pumped and dumped: btc, nmc, ppc, xpm and every other coins. Let's speculate
Longest history of pumping and dumping has Bitcoin ofc