RATE Group | Yes, EOS, Litecoin, and Ethereum Are Up A Lot, But No, “Altseason” Isn’t Here Yet. Here’…
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Yes, EOS, Litecoin, and Ethereum Are Up A Lot, But No, “Altseason” Isn’t Here Yet. Here’…

14 Jan Yes, EOS, Litecoin, and Ethereum Are Up A Lot, But No, “Altseason” Isn’t Here Yet. Here’…

Posted at 21:44h in Ethereum News by

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Major crypto assets like EOS, Litecoin, and Ethereum are up by around five percent on average, and investors have been quick to call the start to an altseason.

In crypto, an altseason refers to when so-called alternative cryptocurrencies begin to surge in value amidst rising momentum in the market.

Many crypto assets have increased significantly in value over the past two weeks, but considering their steep fall from record highs and their performances in comparison to bitcoin, it is still too early to call it an altseason.

How have major crypto assets performed against bitcoin

Against the USD, large cryptocurrencies like EOS, Litecoin, and Ethereum have rebounded quite strongly since the end of the first week of January.

However, the price charts of the three crypto assets against bitcoin tell a different story. 

Since January 2019, Ethereum fell by around 57 percent against bitcoin. Litecoin dropped by 45 percent in the same period against BTC and EOS declined by 47 percent against BTC…

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