Alt Season?
Definitely too early to say, but the signs are too good to be ignored, Bitcoin is still rallying and trying to break out of support around $10k plus, yet Some Alt are doing massive pump. One of such Alt is $DOCK, as at yesterday evening WAT, it has pumped around 130% same goes for $XRP and $PIVX, all showing signs of a massive breakout without the power of BTC surge.
The Bear Market has been running for almost Two years and experts still predicts one or two more years to go before a full blown Bullrun could suffice. Yet, traders are making gains, some loses, rookies and noobes losing money and selling out. Of course I bought most of my significant Alts during the Bull, a costly mistake by a crypto Rookie.
Could TAs and predictions just be wrong for once? For $BTC sake and some Alts in which $Steem is which is one and having several other potential tokens(Steem-Engine/Tribe tokens) pegged to it. SBD and Steem are more important for Steem Holders in terms of price and Market Cap, hence Alt season is much needed.
What this mean for Steem-Engine Tokens is that, Steem is one of the Alts not showing any significant rise in price alongside hundreds more Alts, could this mean Tribe Tokens will be restricted by Steem price if this is truly the beginning of a full blown Alt season?
I hope it doesn't!