Large cap altcoins have appreciated nicely against the US Dollar in 2019. Their gains however, have paled in comparison to Bitcoin's bullish rally this year. But Digital Currency Group CEO Barry Silbert said in a tweet Wednesday that he expects the market value of quality altcoins to catch up to the Bitcoin price boom sometime soon:
Bitcoin dominance is the measure of its market share of the cryptocurrency industry. By this metric Bitcoin has stomped all over altcoins in 2019. Bitcoin market share surged from 50% on March 25th to 64% on July 8th. In less than four months Bitcoin went from half the crypto market to nearly two thirds of it. But there are signs that the altcoin market is heating up. It may catch up to Bitcoin soon, as Barry Silbert avers.
The Case For Altcoin Summer 2019
Altcoin news has hardly been dour over the past few months. It just hasn't been as euphoric as Bitcoin's story. The industry leader has more-than-decisively ended the long crypto winter that began in December '17 / January '18. Large caps like Ethereum, Ripple, and Litecoin have played the tortoise to Bitcoin's hare. Small cap coins have too. They've moved forward, but without quite the spring in their step. Read More at CCN...