Stable coins and Altcoins are making it to the spotlight as talks are out about the unveiling of Facebook’s Libra.

Facebook, in its latest effort towork its way beyond social media, is gaining prominence. Libra is set to be backed by real-worldassets, which includes bank deposits and securities from the government in theshort-term. With all these features, itmight so be that the Facebook cryptocurrency might be stable than all othercryptocurrencies.

The idea of stable coins toovercome the difficulties caused due to the wild swings in the price ofcryptocurrencies. Apart from USD andfiat currency backup, there are some algorithms used to keep the value of the coinsstable.

Some people were trying to docrop insurance with cryptocurrency, and that would not work as the asset moves10% day by day. Peter Smith stated,"It just doesn't work."

For now, the high profile stablecoin is Tether; however, the token faced an uphill struggle to gain fullacceptance of cryptocurrency.

Thomas Puech, Enigma securitiesstated, "If they feel Bitcoin is going to go up or down, they prefer tocash out to a stable coin - it allows them to trade quicker, and get back intothe market."

There are several other small value Altcoins like TCAT tokens and several hundreds of them moving up and down on the trends chart.  While the Giants are fighting for dominance, the real Altseason is not anywhere near around the corner.

The price of Bitcoin iscontinuing to rise; however, the Altcoins are bleeding in USD values andrelative to their trading pairs. SeveralAltcoins are being dumped for investment into Bitcoin. Investors are not willing to risk theregulatory pressure, where several cryptocurrency exchanges are cutting offtheir user base.

The market was eyeing a massivehead and shoulders pattern, and the market was continuing to rally towards$10,000. If alt seasons should happen again, Bitcoin should push even higher.

Altcoins have been in their mostprolonged accumulation period. However,several Altcoins have been primed with technical indicators which promise thatthese coins will significantly outperform the Bitcoin in the forthcomingmonths.

However, the potential forAltcoins season is as far as two years away according to some. The momentum for the Bitcoin which has beentransitioning from the bear market to the bull market is strong. Just like the Bitcoin showed a low when no oneexpected it, the altcoin might show a high when no one expects it.