RATE Group | Don’t Hold Your Breath, Bitcoin to Outperform Altcoins For Now
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Don’t Hold Your Breath, Bitcoin to Outperform Altcoins For Now

21 Jul Don’t Hold Your Breath, Bitcoin to Outperform Altcoins For Now

Posted at 22:05h in Bitcoin News by

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Despite the fact that Bitcoin is the leading crypto, altcoins — the blanket term given to cryptocurrencies that aren’t BTC — were all the rage in late-2017 and early-2018.

In fact, over the course of the bull run from 2016 to early-2018, Bitcoin dominance fell from over 90% to 33% at the bottom. This so-called “altseason” was catalyzed by a Cambrian explosion in the number and variety of cryptocurrencies, the ICO revolution, and massive growth in older projects like XRP and Ethereum.

Related Reading: Crypto Tidbits: “Unstoppable Force” Bitcoin Back at $10,000, Libra in Congress

With this move, many investors have become accommodated to the idea that when BTC runs, cryptocurrencies should rally even further. But during Bitcoin’s recent move from $3,150 to the local peak of $14,000, altcoins widely underperformed, as made evident by a 10% uptrend in the Bitcoin dominance stat.

Altseason Unlikely Until Late-2019; Bitcoin to Outperform

For months now, investors on “Crypto…

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