As of now establishments, financial backers are as yet centering and directing every one of their assets in Bitcoin.However, altcoins are still moving forward. I sometimes notice that when the price of Bitcoin goes down, the price of Altcoins goes down, when the price of Bitcoin goes up, the price of Altcoins goes up. But billions of dollars are being invested in Altcoins.
I'm glad to have this, and even despite the market manipulations, prices still moving freely up and down. What I observe since before, altcoins still relying on and following the trend of Bitcoin. We can see sometimes that the dominating percentage of Bitcoin drops but it never stays that short for long as it eventually backing up in a few days.
I'm looking forward to seeing the current momentum will stick until the end of this year but not sure if investors could still able to hold their coins and not tempted to sell them.