NEO shows 20 to 30% gains – XRP Provides Major Run up Immaterial of FundamentalsOctober 21, 2019
Bitcoin has been dominating the cryptocurrency market, and this is not new news. However, this has not left the Bitcoin untouched by the volatility in the cryptocurrency market. Like any other cryptocurrency, Bitcoin has its share in price volatility.
Anytime the price of the Bitcoin goes up; it takes the Altcoins along with it for a climb. Similarly, when the Bitcoin touches the red, the Altcoins as well as touch upon the red lines. It is a mass influence on every kind of Bitcoin, whether TCAT tokens, Litecoin or ETH.
Several factors influence the price decision of cryptocurrency, which can be anything from primary demand and supply, governmental laws, regulations, institutional investment, and a range of other factors.
The price dominance of the Bitcoin has been influencing growth in the cryptocurrency ecosystem. There is a growing list of cryptocurrencies, and many of them are making alternative entry points into the cryptocurrency ecosystem.
Anyone who wanted to enter into the cryptocurrency market would only consider Bitcoin in point of entry. There are more than 200 cryptocurrency points that are designed to be better, providing for some decent profits for its investors. Some of these projects might not work as well as one would want it to be, but these projects allow pushing in the non-Bitcoin direction many times. Some investors are looking at a non-Bitcoin experience.
The cryptocurrency markets are advancing, and investors are looking to benefit from highly volatile trends. Despite there are very few tokens that can touch the $1 billion valuations. There are just a handful of symbols with decent volumes. Several Altcoins have thinned out in terms of sizes, and some coins which were considered to be very hot are already forgotten, and those coins might never come back to the market in its old glory.
Several small-cap Altcoins have done well, and they have gained 5%, and this included those like “CHZ, LINK, CENNZ, BSV, ATOM, CRPT, NEW, BAT, MATIC, and SXP.” The price of CHZ went up by 18%, and LINK gained nearly 13%
The flash crash of Bitcoin did not put a close to the Altcoins. There is a significant buyer interest seen for DOGE, and there are an improved buyer interest and improved volume providing for a belief that this coin can pop up anytime.
The NEO is currently showing 20 to 30% gains. The XRP is as well expected to provide for a significant run-up immaterial of what its fundamentals stated.