According to
https://www.coinfairvalue.com you can clearly see from BTC's chart that the run up in late 2017 was FAKE! It was an increase in price but the fair value didn't move.
This means it was likely manipulation/speculative buying since the theory behind fair value states price and fv should match once all speculation is gone.
99% of the flow in to the other stable coins comes from Tether.
If you make up 2 Billion and then sell those 2 billion for 2 billion TrueUSD, all you do is change names around.
