Actually, when BTC is dumping, alts are dumping as well but I see some soaring high and with the btc correctin I would think that this would be a preparation for alt season, this is just my opinion based on what's happening on the market, this would be the sale for us and we should make sure that we pick a good coin to hold for the next coming month. We'll see if we see the same market like 2017.
that can happen if altcoin adoption and altcoin trading increase rapidly. if you are still unable to compete with Bitcoin then what happens will be the same as before. Bitcoin pumps will belong to Bitcoin itself. and altcoin can only move slowly.
Has any altcoins ever been able to compete with bitcoin in the history of cryptocurrency, even the last time that most of the altcoins that we see in the market surge very high was not because they had any product that was able to compete with bitcoin, there were so many factors that contributed to the high surge of these coins then, and one of them was ICO, prior to when altcoins surged in value, there was serious hype for ICO, and that was the same time that bitcoin bull run started, where in most coin started to pump the moment bitcoin started consolidating.
I have still not seen much factors that would really guarantee altcoins season for this year, I am not sure IEO can do that job, and the only thing I am relying on now is bitcoin consolidation, let’s see its effect on the market this time around.