Majority Of Altcoins Are Still Way Off their All-Time High Values Despite The Bullish Season

2019-7-6 19:45

The crypto market may be finally seeing some sunny days after a long winter, but things are yet to get fully smooth for most of the altcoins. For one, Bitcoin, being the top crypto, has seen some considerable gains since the upsurge started a few months back. The top coin has gone on to reclaim a little more than half of its ATH value of December 2017.

However, that’s not exactly the case for most of the other cryptocurrencies (altcoins). According to a special report released by Long Hash, about 114 out a total of 160 (67%) cryptocurrencies listed on OnChainFX are yet to reclaim 90% of their ATH market value. 

Alts Weakening Against Bitcoin

As is already apparent, Bitcoin has been shooting up in price since the crypto winter ended, although the top coin dragged the rest of the market up with it, Altcoins haven’t quite caught up with the flow. In effect, Bitcoin has been gaining value over Altcoins. 

As a matter of fact, Bitcoin’s market dominance has been increasing. From a critical point of view, the increasing Bitcoin dominance in the crypto market suggests that traders and investors have been shifting from other cryptos in favor of Bitcoin, thereby bringing in more money and contributing to the increase in its trading volume. 

When Alt Szn?

However, the current market conditions that seem to corner altcoins are by no means outright indicators for Altcoins’ demise. For long, traders have kept faith in that the Altcoin season will finally take off soon, but they’ll have to endure Bitcoin’s biting and thrashings before they can pull out of the rut and make a dash for the top prices. In fact, numerous crypto analysts have confirmed that indeed, 2019 looks pretty ripe for a serious Altcoin season.

The post Majority Of Altcoins Are Still Way Off their All-Time High Values Despite The Bullish Season appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0034381 (-100%)

altcoins crypto season majority bullish all-time despite

Источник: zycrypto.com

altcoins crypto → Результатов: 126


Which Soaring Altcoins Are Worth Adding to Your Crypto Portfolio? Explore Skyrocketing BlastUP Presale

The crypto market is buzzing with excitement as a new bull run ushers in tantalizing investment opportunities. Among the rising stars are several altcoins demonstrating impressive growth, capturing thThe post Which Soaring Altcoins Are Worth Adding to Your Crypto Portfolio? Explore Skyrocketing BlastUP Presale appeared first on AMBCrypto.

2024-4-19 15:30


Why Ondo, Pendle, Frax, and These 6 RWA Crypto Altcoins Are Must-Buys Before the Bitcoin (BTC) Halving

While Bitcoin remains the undisputed king of cryptocurrencies, savvy investors are also turning their attention to promising altcoins that could potentially offer substantial returns. In a Youtube video, Miles Deutscher, a top crypto analyst revealed the top 9 crypto altcoins that are generating excitement and could be worth considering before the Bitcoin halving.

2024-4-10 15:30


Crypto Exec Explains Why Altcoins May Take Years to Get Off the Ground

In 2017, altcoins, crypto assets that aren’t Bitcoin, suddenly saw an influx of interest from the world’s investors. Bitcoin dominance — the percentage of the crypto market that is made up of BTC — fell from over 80% to 33% by early-2018, tumbling as a large amount of capital was siphoned into altcoins that purported... The post appeared first on NewsBTC.

2020-2-2 05:00


Bitcoin Dominance is Surging to Peak Bull Market Highs as BCH Loses Biggest Share, XRP with Biggest Gains

Surging BTC Dominance is a sign of a Stronger Market This means “ alt coins are dead inside” says the crypto investor Altcoins: BCH sees the biggest drop followed by ETH while XRP records highest growth in share and then LTC Bitcoin is up nearly 70 percent in 2019 till date. The leading cryptocurrency started […]

2019-5-10 19:45


Could the Tether (USDT) Situation Possibly Help Binance Coin (BNB) Gain?

After a cover-up by Tether (USDT) and Bitfinex was unearthed, the crypto market lost over $10 billion in market cap as Bitcoin and other altcoins had their values noticeably reduced. However, even though most of the top cryptos experienced significant reductions in value, the Binance Coin (BNB) continued to trade in the green, increasing up […] The post Could the Tether (USDT) Situation Possibly Help Binance Coin (BNB) Gain? appeared first on ZyCrypto.

2019-4-27 15:38


Binance Coin (BNB) Unable to Keep Up With A Positive Price Performance Despite The Official Launch of Binance DEX

Binance is arguably the hottest thing in the current cryptocurrency sphere. It’s also perhaps the world’s biggest crypto exchange with a 24-hour trading volume exceeding $1. 3 billion. In 2019 alone, it has made very interesting moves that have pushed BNB atop most lists of best performing altcoins in the market.

2019-4-25 23:38


Фото:

Crypto Market Wrap: Bitcoin Eats Altcoins as Dominance Hits 4 Month High

Crypto markets pulling back; Bitcoin dominance rising, BNB and Cardano falling, BAT getting attention. Market Wrap Crypto markets have held gains largely thanks to Bitcoin’s rally yesterday. Total market capitalization remains over $180 billion at the time of writing as BTC eats into the altcoins while its dominance climbs to the highest levels this year.

2019-4-24 09:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

OKX expands crypto exchange services to the Netherlands

OKX has launched its Web3 wallet and crypto exchange service in the Netherlands. The exchange will offer spot trading, crypto convert and other services, with support for 150 cryptocurrencies. OKX holds regulatory approval from De Nederlandsche Bank (DNB), the central bank of the Netherlands.