Altcoins News

Story: Altcoins Have Been Bleeding – They Have Not Regained Their Lost Grounds

By Maheen Hernandez

1 / 9

Bitcoin correction is happening continually.  While the Bitcoin has been rallying, almost all the Altcoins have been bleeding.

2 / 9

If the Bitcoin correction would continue, the market can expect a double-bottom for the Altcoins ahead.

3 / 9

The Altcoins market cap has been showing a downward tilt.  The Bitcoin has been pointing upward, and it is showing some indecision.

4 / 9

The overall market capitalization of the cryptocurrency market includes everything from Bitcoin, Ethereum, Stellar Lumens, TCAT Tokens and everything in the market, is now…

5 / 9

Since there is an inter-related sentiment between the Altcoins and the Bitcoin, the Altcoins will suffer the most in terms of correction.

6 / 9

Several Altcoins are currently down by 90% from their all-time highs, and if Bitcoin would touch $100,000, these Altcoins might never reach the levels again.

7 / 9

Max Keiser, in his Twitter post, stated:  “#Bitcoin dominance 68.2% — heading to 80% — as alts die in favor of BTC. The 2014-2017 era of alts and hard forks is dead.

8 / 9

However, Ethereum is coming to its terms, and with time if this will continue, it might not be right to classify Ethereum as an Altcoins anymore.

9 / 9

A financial market place that is devoid of widespread regulatory interference is rare.  While profiting with cryptocurrency is not a part of the blockchain technology's…

The Currency Analytics

Want the full story?