🏅The impact of altcoin price increases on the cryptocurrency market:
$BTC :
🏆Liquidity: Bitcoin is often considered "digital gold" and a safe haven in a volatile market. When altcoins experience significant price increases, some of the capital may flow into potential altcoins, temporarily reducing buying pressure on Bitcoin. However, in the long run, Bitcoin is still trusted by many large investors and may attract back capital when the market stabilizes.
$ADA :
🎂Competition: Cardano (ADA) is one of Ethereum's direct competitors. When other altcoins rise in price, ADA may face greater competitive pressure to attract investors.
$PENGU :
♥️High volatility: Emerging altcoins like PENGU often exhibit very high volatility. The strong price increase of PENGU may attract short-term investors seeking quick profits.