From couple of weeks we have seen a good percentage of growth when it comes to bitcoin but still it has not made any huge impact over altcoin prices which was not the case earlier, some of us including myself started thinking altcoins have lost its charm and eventually end up as shitcoins except top altcoins. Guess what, I was wrong just like whole bunch of people who assumed it because if we go back and look at last 20 month's performance of altcoins and bitcoin both have performed really well but we are just short sighted who once looks for few week's data and concludes our research.
I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.
For people who had been here on this market then will really see this scenario as an ordinary one.It isnt always for altcoins to be on increase when bitcoins price tends to cling up.
Most of the time top altcoins do really come along with it and below those will not be having any significant movement or just simply being in reds which to presume that people are
switching up their ports from low cap coins into either top altcoins or on bitcoin itselt so its not really surprising for this thing to happen. Altcoin still feasible? Even if i do say no, there
would be still people whom do consider this kind of option.It isnt dead yet since there are still projects which can really be potentially pumped and you make tons of profits
with it but finding the best one will already be the hardest task to be done.
some alts still do have potential especially those are dedicating their platform to specific use case. but most of them are just like fly-by-night alts. they come and go without really influencing the crypto market.
but for alts backed by real companies, they have the chance to thrive as they are trying to deploy it within their operations. if they are successful, they can sustain the existence of their currency, but if not, just another forgotten one in crypto history.
lets take for example monero, they are known to take care the privacy aspect. so they can survive for long because they have solid community supporting their platform. but we dont how much they will increase in the next coming years. we just know that they will not disappear anytime soon. maybe holders can profit in the near future but no one can tell how much?
