The high fluctuating Bitcoin prices since the launch have made altcoins a first choice investment option for most of the crypto fanatics and traders.
If we go back to February 2017, it had been the first time when the entire crypto neighborhood has realized altcoins potential because their market value went sky-high after the Bitcoin halving in July 2016.
All the well-known altcoins, including Litecoin , Stellar , Ethereum , and XRP have observed a staggering development up to 5300 percent. As per the particular 2017 data, the market value of Litecoin went up by 700, Outstanding increased 320%, Ethereum by 1060%, and XRP prices went berserk up to 5300% (see chart above).
In comparison to altcoins, Bitcoin from halving occasion in 2016 to March 2017 have not seen that dramatic development and its prices went up simply by 200% percent only.
Moving forward in 2018, both Bitcoin and altcoins had the same path in terms of price variances or market value, but the former had been more volatile in pricing as always.
Within 2019, right from the beginning, the prices associated with frontrunner altcoins have rallied upward and have observed double-digit gains. A lot of popular altcoins like Litecoin have got doubled in market value. The Bitcoin brethren’ s have also moved up-wards in the Google Trends list.
Many of the lower, mid, and high market cover altcoins have also observed a high surge upward in prices when compared to Bitcoin within 2019.
For example , low market cap altcoins like Titan Coin are relocating rapidly upwards in crypto cost charts in 2019 due to its several use cases. Titan Coin is definitely an innovative experimental internet currency which is growing at tenfold speed, most thanks to its next-generation blockchain technologies that employs hybrid POW plus dynamic POS structure, along with SHA256+ GROSTl for verifying and acquiring transactions.
The rapid rise in the market associated with the altcoins in 2019, could the Bitcoin halving period is a bit unexpected for the crypto experts. On the other side, the marketplace value of Bitcoin also reached an astounding high of USD 13, 020 within 2019 , following a stagnant growth since mid-January 2018.
Some professionals in crypto space are quarrelling that 2019 is not the altcoin growth season that all are offering it to be. Altcoins are still within the accumulation phase within 2019 , and the next in-line is the Markup season where the costs of altcoins will surely stun the whole crypto community in terms of profit-generating development.
Bitcoin stats in 2019 also appears to support the above expert arguments. In several phases of 2019, Bitcoin’ h market gains are more than those of large-cap altcoins and the relative Bitcoin share of the overall cryptocurrency marketplace is also at an 18-month high. The particular around 300 days away period of time of the Bitcoin halving event can also be something in favor of Bitcoin.
Whatever it may seem, many (both small and large-cap) altcoins such as Titan, Litecoin, etc . have seen an enormous upward price moment in 2019, even better than Bitcoin in some cases, that is a big surprise for everyone. This can become considered as a period where “ intelligent money” is being invested by traders to reap benefits in the subsequent markup season where altcoin costs go sky-high.