All the cryptos that are currently rising are subject to the valuation that #Bitcoin! is having since it is the original coin (the father of coins) so if this rises, its cryptocurrencies will also rise or if it falls, they will fall. I remind you to note the crypto you buy as soon as you buy it (purchase value) and the value of Bitcoin.
The value of the crypto is subject to these factors:
1) the value that has the #Bitcoin! at that moment, whether it is bullish or bearish.
2) The boom that this crypto has:
A) HIGH DEMAND: if there is high demand either due to a meme that comes out and is associated with that crypto; for example, doge, meme coin, pepe among others.
B) INVESTORS: if the whales 🐳 (high capital investors) buy to make these increase in value and then sell.
3) QUANTITY: if it is well-known and scarce, for example, pepe which is the most known has an enormous amount of crypto over approximately 420 trillion. Compared to another #Bitcoin! that has billions.
4) NEWS ON THE NETWORK: If there are news like the one that happened with Bitcoin. Donald Trump (said that the United States would buy #Bitcoin! to increase and strengthen the value of the dollar against other currencies. Causing it to grow exponentially as you may have noticed.
IN CONCLUSION: I always recommend staying updated on news regarding the #Bitcoin! and the crypto you decide to buy.
also see what your purchased crypto is about so that you have an idea of how and when it rises since some are smart contracts, game cryptos, meme cryptos, scam cryptos, bank cryptos among others.
