With alts seeing some big gains in the past weeks, its important to remember who is king.
The crypto market is flooded with different projects all promising to do the same thing. We can be sure that 99% of all these projects will not be here long term. Of course there are very promising exceptions like ETH or MATIC and some others that should find a place in your portfolio. Especially because bitcoin just wont give the returns like it used to.
Let's take a quick look at how bitcoin still reigns above all.
Almost all coins follow bitcoin. Look at the 7-day chart for example. Most of them follow bitcoin. There are some outliers here and there and some pumps that are based on news or certain events but all in all, they all follow bitcoin.
In the top 100 there are only like 10 coins that are closer to their ATH than bitcoin is to its own, percentage wise. Most of these being newer projects that have not been in the top 100 very long.
I am no bitcoin maxi, I hold too many alts myself. I think from an investment standpoint Bitcoin should be your priority followed by other solid projects such as MATIC!
Do not disregard the old man.
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