What this "Blood bath" will tell us
Think of the last couple days as the yearly PURGE. On the bull ride to the top BTCUSD took a lot of altcoins and other altblockchians with it. When BTC hit the $10,000 mark, ETH was at $400. This was outstanding growth for both cryptos at the time. As I am writing this BTC is currently looking at the same $10,000 mark but on the way down. However, ETH is holdign strong arounf the $850 range. I think this has a lot to be said for what the market is looking for. Blockchains that have real use cases will overtake the alts that prove to have no use. We have already seen the scam BitConnect fall to its death. Who will be purged next?
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