What is the Secret to Altcoin Success?
There has been a significant performance in Bitcoin since Christmas. However, as of yesterday, Ethereum’s rapid attack carried the crypto money over $ 1000. This strong performance of Ethereum is on its way to surpass the all-time high of $ 1,432 recorded in January 2018. Since February 2018, Ethereum’s price has been moving below $ 1000.The current success of Ethereum and all other altcoins is a major influence of the Bitcoin bull run. Given Bitcoin’s dominance over the market, altcoins usually follow its price. “Investors are looking for the new BTC,” Nimrod Lehavi, CEO and founder of crypto payment company Simplex, said in a statement recently. Is ETH’s out of control success the start of a new “altcoin season”? Dogecoin had increased by 70% on January 2. While the price of VeChain has increased by more than 20% today, Litecoin and Maker have also increased by about 10%.