Are We About To Convert To Altcoin Season ?
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It is pretty crazy to say but Bitcoins price has honestly been slowing down. When you look at the numbers at the moment bitcoin is only up 2% while other major altcoins such as Ethereum (20%) Litecoin (14%) EOS (12%) Ethereum Classic (30%) Steem (11%) DigiByte(35%) and so on the list is rather large.
What this looks like is a repeat of we see almost yearly where Bitcoin surges and once maxed out the values start to push into altcoins pumping them to crazy high profits since their per coin values and market caps are so much lower compared to bitcoins value.
These pumps if history repeats itself go into high caps first such Litecoin, Ethereum, Dash etc and then trickle down into some of the smaller caps.
What will be really interesting is to see how many IEOs start to sprout up and what systems they will be using such as Ethereum tokens.
What do you think are we in for a month or two of Altcoin pumps and the season is here?
Or do you feel Bitcoin will continue to skyrocket ?
Personally my opinion and I very well could be wrong is that Altcoins will pump for the next month to month and a half. Then Fidelity and BAKKT will roll out and Bitcoin will pump majorly for perhaps the rest of the year.
Looking back, altcoin pumps usually go insane after bitcoin goes sideways. Hopefully that repeats.
Seems to be the case so far. 20% to 30% already Perhaps another 1-2 days of pump but then I expect some type of correction 130% in a month seems crazy since we where not that low to begin with lol
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I certainly hope so. :)
Yeah the season is here!😁🚀
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Seems like it!
Need to watch that bitcoin itself can hold on to support levels to consolidate in order to support the rotation into the other assets. If not, they could all fall too. A pullback may be healthy too before the run.
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