It’s just too much exposure to potential losses
Metaverse ( ETP ) continues to make gains, even as the rest of the market sinks deeper into bear territory. While there are many possible reasons driving up the value of Metaverse, the most likely one is that is mostly traded in fiat. Most of the trading volumes for Metaverse (ETP) are on Bitfinex and TOPBTC. In both exchanges, most of the trading for ETP is done in fiat, mainly the USD and the Chinese Yuan. This goes to show that without ties to bitcoin (BTC), most altcoins have what it takes to make huge gains in the market. The altcoins market today is pretty much at the mercy of bitcoin (BTC). It has reached a point where it no longer matters whether a coin has strong fundamentals or not. If bitcoin (BTC) drops, then all coins, both the good and the bad follow. Metaverse (ETP) proves that in the long-run; for altcoins to thrive, they have to be traded independently of bitcoin (BTC). Metaverse today is valued at its true value, and it has gained by hundreds of percentages si...