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I see two reasons for this: 1) Bitcoin transaction fees increasing and ETH being the main alternative available on Coinbase, even though ETH is not meant to be
by codingmyway 10y ago
I see two reasons for this:
1) Bitcoin transaction fees increasing and ETH being the main alternative available on Coinbase, even though ETH is not meant to be a currency, more like AWS credits, and its supply isn't fixed so isn't a good store of value.
2) Everyone was holding onto their BTC in case the ETF decision lead to a surge of new money into bitcon. Now that is off the table they are seeking bigger returns in alts.
Also new money is being pulling in by Dash hyping their version to those who missed out on the bitcoin bull and since Dash is nothing special now people have the idea that any other alt could be next.