Sorry, honestly, my bad, took the 3x that you mentioned as volume (didnt scroll up chat to double check before sending the message). However, volume only spikes when BTC moves wildly, average volume is really just super low usually when there isnt any brutal BTC breakout or fall. Indeed the total market cap has increased for altcoins OVERALL, but it grows directly proportional with the btc price increase.. :) if you check the market cap of many coins/tokens/shitcoins/etc, their mcap is still super low. Anyway, ancient art, i really like debating with you but unfortunately i.m most of the time at work and always forget to really check on facts and data properly at home on the computer. We could discuss this on a more detailed level in private, it.s nice at least for me to compare views and inputs, to hear other opinions and calculations etc :) wish you and everyone all the best during the shitstorm that is about to come in the upcoming 2 months!! :D
It has already begun actually since couple of weeks ago. Keep an eye on the market until the end of the year :) if we drop under 6.8k, we.re going full bearish again. The BTC halvening will not have a positive impact as everyone believes.. :)
So if this is the beginning of bull market, then from historic charts of btc and alts indicate that this is when alts usualy start to slowly grow. The spike in sat prices you usualy see on charts on coin market cap is due to cmc not using logarithmic charting.
Besides it's turning point now... any day now btc may have it's next leg up or down.... thinking that alts will go down because btc goes down is exacly what market want's you to think... like 2015 year... go back and look, how long it took for alts to range before there were bull market....
@AncientArtCoin Are you ever planning to stop buying APPC? Because I respect that you believe in the project and have done good research, but APPC, like any stock market asset, may fail. Do you have a target after which you intend to stop? Because I bet on it around 0.5 BTC and I think that there is no point any more, because if it starts to grow, it will give me huge profits, and if it starts to fall below low, it will be huge losses.