The Altcoin Rally Might Be Over as Focus Shifts to Bitcoin

[emmaglory]

Platinum Crypto Academy
















The altcoin rally might be over as focus shifts to Bitcoin

A break above $9,500 in Bitcoin could start a new sustained uptrend that is likely to surprise both the bulls and the bears.


 #Altcoin



https://www.platinumcryptoacademy.com/past-weekly/21st-july-2020/










Platinum Crypto Academy

[tinakoya]

Altcoin rally is far from being over. Alot of projects are genuinely developing with unique open source infrastructure especially the DeFi hence the value is increasing day by day. Altcoin is much stronger than what it was and being over is far from reality. Bitcoin will continue to surge and so will altcoins, at least that's what i've noticed.

[Prime]

Actually now is the time that BTC and also altcoins should have its way to uptrend. BTC has been progressing so well that break $9500. On the other hand, altcoins may also follow, but not all of the altcoins can follow the success of BTC. Some of them are down to earth after the BTC is rising.

[wahyudi]

Many of cryptocurrency also had very good performance in the past and might become a superior Bitcoin rival.  In fact, some currencies such as Litecoin and Ethereum have generated profits of more than 12,000% in 2020!

[Alcor]

It seems that the rise of altcoins is just beginning. If you look at the price of ethereum, this coin is growing in price much faster than Bitcoin. At the same time, the bitcoin capitalization level continues to decline steadily and is now 60.2 percent. This indicates that investors are investing their money more in altcoins than in bitcoin. I think that this will continue in the near future, and if the improvements in ethereum are successful, then altcoins will continue to grow in value further.

[Gubre]

Yes it might be.  But we still not sure about it the same as we are not sure about bitcoin though it is safe in bitcoin compared to others.  Im telling this because of how the volatility is being in the nature of crypto.

[comer]

Well I think they move hand by hand. Most of the time when BTC up or down so as with altscoins. They more almost in parallel, maybe because bitcoin is one of those base coin when doing trading transaction in all major and non known exchanges in the marketplace. I love to see Bitcoin going up Ang pulling with it all altcoins in the market. I seen this many times and I think this chain will not break until this time.

[Jaguar]

Maybe.
The strategy now could be something vigilant because of the world's going through. The current pandemic decline the world economy that make some of us suffering from famine. The approach should be fishy to give hope to holders and attract new investors.

[tinakoya]

Whether it's strategy or manipulation, bitcoin and altcoins prices are simultaneously increasing. It's quite amusing how they all go hand in hand with each other. Seem bitcoin is rather following altcoin in terms of percentage of price increase. Altcoin still look promising and crypto market as a whole is surging

[Leonardo]

Whether it's strategy or manipulation, bitcoin and altcoins prices are simultaneously increasing. It's quite amusing how they all go hand in hand with each other. Seem bitcoin is rather following altcoin in terms of percentage of price increase. Altcoin still look promising and crypto market as a whole is surging

Altcoins are not good now, when bitcoin continuously increase. My altcoin porfolio decrease by around 25-30% in the last few days when bitcoin jupmed from $9k to $11k. Yes altcoins will recover but I'm not sure how long will it take. Hopefully bitcoin will stop increasing and move side way in a few days for altcoins to bounce back.

[LogiC]

Yes it might be.  But we still not sure about it the same as we are not sure about bitcoin though it is safe in bitcoin compared to others.  Im telling this because of how the volatility is being in the nature of crypto.

Its just a temporary movement. The pumped of bitcoin needs retracement. I observed how many shifted last night and making altcoins go down. But there are still good projects that stay neutral and didnt go down. Defi hypes and eth migration trigger the market surge but also bitcoin has a good side on it. Many countries believe its time for bitcoin to be adopted seeing massive price hike on every market.