After several months of difficulty, many altcoins such as Ether (ETH), Chainlink (LINK) and Binance Coin (BNB) finally show signs of life on the charts providing hope for a new bull-run.
As 2019 nears its end, Bitcoin price (BTC) looks back on an overall positive year. Crypto’s largest asset rose from $3,330 to $13,880 in the first half of the year before retracing down to $7,715 several months later.
Altcoins shared in the exuberance surrounding Bitcoin’s parabolic price rise, with the majority of top market cap cryptocurrencies posting notable gains. After painting its 2019 high of $13,880, however, Bitcoin declined in price, posting lower highs. During this period, altcoins lost all momentum they had gained during Bitcoin’s price run, spiraling into strong downtrends.
The state of the altcoin market seems to have changed though, as Bitcoin’s market dominance falls and many digital assets start to show positive market data. Some altcoin projects have also come forward with announcements, adding positive sentiment to the scene. Read More...