Here’s the Bitcoin and Ethereum link that is likely to offer higher returns on these alts

Featured Story

When was the last time Altcoin Market Cap turned its old 2014 highs into support? With ETH’s price rally above $3200 level, altcoins have started rallying again. Though investors continue their hunt for the next Ethereum-like asset to place their bet on, the overall altcoin market continues rallying.

It rallied over 27000% in over a year in 2014. Since the prices hit new ATHs and market capitalization increased, within 70 days of 2017 high, the market capitalization rallied by nearly 120% and turned 2017 highs into new supports. This marked the beginning of an altcoin rally that would continue in bursts nearly throughout the year.

Source: Coinmarketcap.com

A key driver of the altcoin rally is the demand across USDT and fiat markets on spot exchanges. Stablecoins like USDT have supplemented demand for altcoins for the longest time now and altcoins have rallied alongside the increasing dominance of stablecoins.

USD stablecoin will soon hit $100B in market cap, and make up 4% of the entire cryptocurrency market. This is a significant share, as it represents the demand from retail traders and institutions. Despite making up only 64% of the stablecoin market, USD Tether dominates the daily trading volume, accounting for over 90% of the daily traded volume of all stablecoins.

BTC and ETH’s price rally and dominance are conducive for altcoin’s price growth as well. Thus increasing number of active wallets across exchanges, ETH’s rally beyond the $3200 level and BTC’s rangebound price action have all supplemented the turning of highs to supports for altcoins.

There are several altcoins that traders have eyed for the longest time, waiting for dips to consolidate. Specifically, COMP, YFI, ALPHA, UNI, RUNE, AAVE, ETH and SXP have consolidated a few times this alt season. Most DeFi altcoins are part of this price rally. There are several altcoins experiencing similar gains as DeFi, a few of them are NFT marketplace tokens.

The bullish market structures formed in ETH/BTC and similar altcoins’ bitcoin markets are conducive to altcoin’s growth. The market structures are not looking bearish yet, however, there are traders buying the dip and scaling their portfolios. This is likely to offer higher returns in the future. The altcoin charts are currently bullish, signaling a rally and further gains in the current alt-coin season. Source: ambcrypto.

BanksterCrime

Don't Miss

Keeley Teton Advisors LLC trimmed its position in Bancorpsouth Bank (NYSE:BXS) by 7.3% during the first quarter

By StevieRay Hansen

When one knows the truth and refuses to obey it, he is subject to any lie, any deception, any untruth that man can conjure up.…

Read More

Will Bancorpsouth Bank (NYSE:BXS) Run Out of Steam Soon? Short Interest Is Down

By StevieRay Hansen

The dictionary defines capitalism as “an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by…

Read More

BancorpSouth Bank (BXS): Watch List Financial Stock,UP-Date 4/22/19

By StevieRay Hansen

If materialism was ever to satisfy anyone, it would have been Solomon, the richest king the world has ever known. He had absolutely everything and…

Read More

What Ever Happened to Antitrust?

By StevieRay Hansen

The May 20 settlement between the Justice Department and five giant banks reveals the appalling weakness of modern antitrust. The banks had engaged in the…

Read More

Equity Focus: Investors Taking a Second Look at BancorpSouth Bank (NYSE:BXS) After Recent Market Moves,Money Flow Indicator Has Ducked Below The Zero Line

By StevieRay Hansen

Wealth-creating capitalism requires more than just competition and trading. Beneficial capitalism is founded on the “rule of law and virtues like cooperation, stable families, self-sacrifice,…

Read More

Chevron New (CVX) Shareholder Fort Point Capital Partners Cut Its Stake

By StevieRay Hansen

JUST BECAUSE WE CAN’T SPECIFY THE EXACT REASON FOR PAIN, THAT DOESN’T MEAN THERE ISN’T ONE. Bank are bad for society as a whole, Christians…

Read More

MetLife Investment Advisors LLC lessened its position in shares of Bancorpsouth Bank (NYSE:BXS) by 19.9% in the 4th quarter

By StevieRay Hansen

Why doesn’t God cause Christians to win the lottery so the money can be given to good causes? God doesn’t need the lottery to fund…

Read More

Technical Investor Update for Bancorpsouth Inc (BXS)

By StevieRay Hansen

I have a confession to make. Every once in a while, when the lottery jackpot is worth at least a few hundred million dollars, I…

Read More

Criminals got good service at Nordic banks

By StevieRay Hansen

Being “good” can get you far in our world. Good behavior wins praise, commuted jail terms, and tangible rewards. Good deeds net accolades and often…

Read More

He is a no stranger to the readers of business and corporate crime.

By StevieRay Hansen

God did not overlook the corruption in Noah’s day: “Then the Lord saw that the wickedness of man was great in the earth, and that every…

Read More
Posted in

StevieRay Hansen

Leave a Comment