The high fluctuating Bitcoin prices since its launch have made altcoins a go-to investment option for most of the crypto enthusiasts and traders.
If we go back to February 2017, it was the first time when the entire crypto community has realized altcoins potential as their market value went sky-high after the Bitcoin halving in July 2016.
All the popular altcoins, including Litecoin, Stellar, Ethereum, and XRP have observed a staggering growth up to 5300 percent. As per the 2017 data, the market value of Litecoin went up by 700, Stellar increased 320%, Ethereum by 1060%, and XRP prices went berserk up to 5300%.
Compared to altcoins, Bitcoin from halving event in 2016 to March 2017 have not seen that dramatic growth and its prices went up by 200% percent only.
Moving forward in 2018, both Bitcoin and altcoins went through the same path in terms of price fluctuations or market value, but the former was more volatile in pricing as usual.
In 2019, right from the beginning, the prices of front runner altcoins have rallied up and have observed double-digit gains. Many popular altcoins like Litecoin have doubled in market value. The Bitcoin brethren’s have also moved upwards in the Google Trends list.
Many of the low, mid, and high market cap altcoins have also observed a high upsurge in prices when compared to Bitcoin in 2019.
For example, low market cap altcoins like Titan Coin are moving rapidly upwards in crypto price charts in 2019 due to its multiple use cases. Titan Coin is an innovative experimental internet currency that is growing at tenfold speed, all thanks to its next-generation blockchain technology that employs hybrid POW and dynamic POS structure, along with SHA256+ GROSTl for verifying and securing transactions.
The rapid rise in the market value of the altcoins in 2019, even before the Bitcoin halving period is a bit surprising for the crypto experts. On the other side, the market value of Bitcoin also reached a staggering high of USD 13,020 in 2019, after a stagnant growth since mid-January 2018.
Some experts in crypto space are arguing that 2019 is not the altcoin growth season that all are touting it to be. Altcoins are still in the accumulation phase in 2019, and the next in line is the Markup season where the prices of altcoins will surely stun the entire crypto community in terms of profit-generating growth.
Bitcoin stats in 2019 also seems to support the above expert arguments. In many phases of 2019, Bitcoin’s market gains are more than that of large-cap altcoins and the relative Bitcoin share of the overall cryptocurrency market is also at an 18-month high. The around 300 days away time period of the Bitcoin halving event is also something in favor of Bitcoin.
Summing Up
Whatever it may seem, many (both small and large-cap) altcoins like Titan, Litecoin, etc. have seen a massive upward price moment in 2019, even better than Bitcoin in some cases, which is a big surprise for everyone. This can also be considered as a period where “smart money” is being invested by investors to reap benefits in the following markup season where altcoin prices go sky-high.
Hi and welcome here! When I started on steemit, my biggest problem was to find interesting people to interact with. So, to help newcomers getting started I created a directory with other interesting and or talented steemians to follow or interact with. Feel free to check it out at https://www.steemiandir.com I am sure it will help you find like-minded people. Enjoy your stay here and do not hesitate to contact me if you have any questions!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.coinspeaker.com/altcoin-analysis-2017-2019/
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Welcome to Steemit kufresuwah. The official FAQ can be found here and has A LOT of information https://steemit.com/faq.html - Also remember, Steemit is just ONE of the sites built that uses Steem the blockchain. You should also check out DTube and DSound for starters and if you're a gamer, Splinterlands! There are many other cool apps but I can't list them all here, there's just too many! But I'd also like to mention Steempeak, it's a better blogging platform that has a lot of cool features. The latest project you should also check as a new member is a palnet! Welcome to the blockchain! :) Oh, and if you're interested in creating your own tokens or smart contracts, check Steem engine!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @kufresuwah! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPVote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Welcome to steemit @kufresuwah.
Welcome the new steemians. Have a great day!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hello @kufresuwah
It is great that you are here, a people who have been here in a long time, I am glad to be Welcome to Steemit & Wish you luck - success with Steemit!
If you are looking for ways to get more rewards with your Steemit account. You can find the way that suits you in this post.
I hope good things happen to you.
Best regards
Please ignore this reply if you do not need the above.
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit