Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
It has not been since the beginning of 2018 that altcoins have been in a position to attract huge investment and even have commentators suggest that there will be a ‘flippining’ and that Bitcoin will no longer be the dominant coin.
Currently, the idea of altcoins being in a position of power over Bitcoin seems totally unattainable as the price of the major cryptocurrency continues to slowly gain, and its market dominance is up beyond 70 percent.
Still though, people are wondering if there will be a chance to invest in altcoins that will be satisfactory to the expansion of their portfolios, and if this is still viable, when will it come?
The thing is, investors know what to look for to spark an altcoin run, and they do not seem to be forthcoming.
Altcoin seasons have been predicated on a few factors, and none of these have been present in the last few months - especially not in the recent revival of the cryptocurrency market in 2019.
It is known that when Bitcoin’s price consolidates or trades predominantly sideways traders will take their profits and begin to play larger-cap altcoins, this catalyzes similar movement across other altcoins and could spark an altcoin rally.
Another factor has to do with Bitcoin reaching new highs. As Bitcoin price notches new 2019 highs, larger cap altcoins from the top-10 usually move in tandem. That being said, A significant drop in Bitcoin market cap dominance will put the ball in altcoins’ court.
However, none of these catalysing factors have come to fruition. In fact, the situation for the majority of altcoins has gotten even worse.
Cointelegraph spoke with Cantering Clark, a hedge fund manager and co-founder of Blockroots, to ask about the general state of the market and whether altcoins will recover.
“Altseason was essentially a bunch of new investors entering the crypto space, drawn in by Bitcoin. They saw Bitcoin as being very expensive and the perception at the time was cheaper altcoins are going to be future Bitcoins in the making,” said Clark.
“Newer investors were relatively ignorant of market cap and multiplier effects, they just saw the smaller price and equated a cheaper price to a better deal. In my opinion, altcoins were the epitome of the bubble for 2017 and the process closely mirrored the Gartner Hype Cycle.”
“Bitcoin is essentially the chosen asset by the industry and it has become the haven of crypto. When Bitcoin does well there are flows that can be capitalized on but this flow cycle has begun to untether and fall apart.”
“The inverse correlation and positive correlation is no longer a conventional occurrence that investors can consistently rely on. Bitcoin price hasn’t broken it's all-time high, and the next altseason is unlikely to occur until this all-time high is broken.”
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
TRENDING
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Bitcoin Price Analysis: How Will BTC Price Hit $30K by the End of Q1 2023?
36 minutes ago | CoinPedia
Bitcoin Price Prediction 2023: Will BTC Price Rise Above $30K?
41 minutes ago | CoinPedia
Altcoin Season On Horizon: How Bitcoin and Ethereum Are Poised to Perform
47 minutes ago | CoinPedia
BNB Price Prediction: 5 Reasons Binance Coin Could Hit $500 in the next 90 days!
57 minutes ago | CryptoTicker
JustBit Casino Review
JustBit Casino, which specializes in virtual currencies, is easy to use because withdrawals are expl...
Huobi Token General Overview
Is Ripple The Cryptocurrency of 2021? - In Depth Review of Ripple XRP
Ethereum Classic Review
Monero General Overview
XBO
XBO.com cryptocurrency exchange redefines how you interact with crypto. Designed to make the benefit...
Bithumb
Understanding Bithumb This article highlights what is Bithumb and where it is located. It also di...
Bitstamp
Bitstamp's continued success in the crypto market This article highlights what Bitstamp is. I...
Bitfinex
Bitfinex general overview delves deep into its operations since its inception in 2012 up to date. It...
FTXUS
Introduction to the FTXUS Trading Platform FTXUS is a type of cryptocurrency derivatives exchange...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
Altcoin Season Remains Far Off the Cards - But Why?
It has not been since the beginning of 2018 that altcoins have been in a position to attract...
PayPal Crypto Services will Go Global In 2021
Cryptocurrencies like Bitcoin have been around for a while. In this period, they have been met...
Libra Has a Long Way to Go Before It is Realized: PayPal
Libra continues to be in the spotlight as the ambitious cryptocurrency project from Facebook...
Beechat: Instant Messaging For Cryptocurrency
For those who think that cryptocurrency has reached its peak, it might be time to think again....
Controlling Capital Comes with Bitcoin, Says Circle CEO
Even through the ongoing volatility that is being seen in the Bitcoin market, many commentators...
Are we going towards a definitive ban on cryptocurrency trading in India?
Following the decision of the Reserve Bank of India (RBI) to ban cryptographic banking services,...
Is Algorand a good investment?
Algorand is one of the newly listed altcoins that shows a lot of potential in the crypto market....
What are the top 10 Altcoins?
Contrary to popular belief, bitcoin is not the only cryptocurrency. New cryptos have been...
VeChain and Mastercard Back Australia-China Supply Chain
VeChain and Mastercard show support for the Asia Pacific Provenance project. The council has...
Beechat: Instant Messaging For Cryptocurrency
For those who think that cryptocurrency has reached its peak, it might be time to think again....
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
COMMENTS (0)