Altcoins News

Story: Monumental Volumes and meaningful moves predict that Altcoins would outperform Bitcoins in…

By Maheen Hernandez

1 / 14

Mati Greenspan, when commenting about the recent spike in volume stated, “more meaningful moves” were seen hand-in-hand with the high volumes.

2 / 14

A crypto volume reading at a whopping $35 billion is a “level not seen since last April.”

3 / 14

It was the highest volume day in 2019 on Monday showing staggering volumes, which were spiking through the roofs in several notable exchanges.

4 / 14

Kevin Rooke in his tweet explained how the $9.9 billion in exchange volume on Monday was the highest reading ever since May 3, 2018.

5 / 14

These monumental volumes have created a new belief that a further breakout in on the dice.  However, there are a few crypto pundits who have predicted a probable pullback in…

6 / 14

Recently, a leading crypto analyst stated that it was the “altseason” where other kinds of cryptocurrencies would outperform Bitcoin.

7 / 14

Despite the positive note from the different analysts, it is not the least breath for the bearish market.

8 / 14

The strong sentiment data has now led to a situation where none of the cryptocurrencies exhibit a negative daily sentiment.

9 / 14

When looking at the 50 largest cryptocurrencies only Ox, Paxos, and Decred show a negative daily sentiment.

10 / 14

Joe DiPasquale, CEO at BitBull Capital, stated, "While we are very optimistic about the long-term prospects of Bitcoin and the crypto market, we agree that the bear market is not…

11 / 14

He elaborated stating, "We believe there will be a steady rise of Bitcoin through the year, passing $5K by the end of the year."

12 / 14

The bear market has not retreated, and it is very much actively in play.  In any investment market, the bears do not go away.

13 / 14

With ICOs having caused losses in millions with just a few success stories, it continues to be one of the most evolved crowdfunding mechanism.

14 / 14

Retail investors are already scared about the market trends; however, institutional investors are stepping in to establish their dominance in the market.

The Currency Analytics

Want the full story?