Surprisingly #altcoins haven't moved yet despite Bitcoin's good move. Like last week #bitcoin was worth around $38K. And within a week its price had risen to $42K. Which has increased by more than 10% so far.
But the queens that we have held or the queens in general have not shown any performance till now. I have #hive coin which is at $0.36 so far while other coins have the same trend.
Here I see two scenarios. The first is that someone is buying a large amount of bitcoins, which only causes the price of bitcoin to rise. Another scenario is that a fake bull run is being shown or there is a fake movement.
In the first scenario, if an institution or another company is buying bitcoin, then very soon after the price of bitcoin stabilizes, the rally of #alt coins will start.
That is because Bitcoin dominance is now at its peak and all investors are preferring Bitcoin.
In the second scenario, if a fake pump happens, it's not good news for alt queens. Because it has not increased in such a good move so far, if #BTC dumps, how much the Altcoin will fall, we cannot predict.
The second scenario is a bit more dangerous as it could cause the market to crash badly and the price of the altcoin could drop significantly.
I see these two scenarios and we should be prepared in advance to avoid possible dangers and prepare ourselves in advance.