Why do all coins/token go up and down in unison?
been watching the Crypto market from a layman investor viewpoint over the past year and one thing is beginning to trouble me.
Regardless that of the 100's of coins and tokens on the market, each with apparently it's own unique purpose and specialty. Some have been around for years and are fairly well established with actual real world business or personal application, adoption potential (i.e. bitcoin, ripple, ethereum and possibly dash) and all the others which are newer, theoretical and not really proven, without any real world practical value. Essentially second rate copies of the upper tier blockchains ( i.e iota, eos, antshares, NEM).
Yet they all have relative value?
The market just has just gone through a relatively healthy correction, paring down the massive gains seen since April, which is understandable. And now, I'm seeing a rebound back upwards but why are all coins rebounding up in unison?
Shouldn't there be some sort of separation occurring between the real contenders with actual value and the pretenders?
Until we see a little more variety between values this market is a bit of a joke.
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