RATE Group | Altcoins Poised to Pull Off a Massive Life-Changing Rally: Analyst
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Altcoins Poised to Pull Off a Massive Life-Changing Rally: Analyst

24 Jan Altcoins Poised to Pull Off a Massive Life-Changing Rally: Analyst

Posted at 00:19h in Cryptocurrency News by

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  • The altcoin market cap may be bottoming out.
  • One trader suggests that the altcoin market cap is mirroring bitcoin’s 2011-12 cycle.
  • If the analyst is correct, there’s a chance we will see gains similar to the profits made in the 2017 bull market.

Many people got rich during the 2017 crypto bull market. I’m not just talking about those who timed bitcoin before it exploded to $20,000. There were speculators who traded altcoins and waited for them to skyrocket in value against bitcoin. Then, these traders took profits just before the crypto bear market hit.

Imagine multiplying your initial investment between 10x and 100x in a matter of weeks. For instance, Ripple pulled off an astronomical surge of 1,148,300% against BTC between December 2017 and January 2018. Speculators have been chasing similar types of gains since but to no avail.

After a multi-year bear market, one trader thinks altcoins are ready to reward HODLers with life-changing gains.

Altcoin…

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