Crypto's Forgotten Altcoins Re-Emerge: A Look at What's Happening

Crypto's Forgotten Altcoins Re-Emerge: A Look at What's Happening

During the crypto bull market of 2017, everybody was happy. It wasnt just the BTC maximalists, BCH enthusiasts, or proponents of ETH. Privacy coins like monero were doing great, and even charity-supporting comic relief coins like doge were riding high. Since that enchanted time, however, the diverse class of tokens known as altcoins has somehow faded into obscurity. Just recently though, the tectonic plates of alt-crypto deadlock appear to be rumbling, and change might be just on the horizon for the spare change of the crypto world.

David Chaums Elixxir Invites Smartphone Users to Test Private Messaging

The Lost Altcoin Conversation

On December 17, 2017, BTC reached an all-time high of over $20,000. Three days later, on December 20, BCH would peak at almost $4,000. In the same general time period ETH, XRP, LTC, and other market cap leaders would also achieve apogee, with the at-press-time-valued $0.0024, dogecoin then being worth well over a penny. While its clear to see why interest in the 2000+ altcoins on the market has waned since 2018 shattered so many crypto fantasies, market activity last week indicates something new may be on the horizon for cryptos forgotten class.

Cryptos Forgotten Altcoins Re-Emerge: A Look at Whats HappeningWeekly numbers are up for many non-BTC tokens.

In the past week, a slight dip in BTC dominance has gotten some in the space excited about their altcoin pet projects, announcing with gusto to crypto Twitter that alt season is back. Others are not so sure, and remain understandably wary of the recurrent hype. Regardless, at press time EOS, ETH, and XMR are all up significantly over the last week, with EOS enjoying a seven-day price surge of over 12%. Though not merely an altcoin by the standards of many, BTC competitor bitcoin cash has also experienced a significant rally.

— CryptoLeee 🍜 (@CryptoLeee) September 10, 2019

The Forgotten Fun of Hunting Longshots

Time was that folks used to find interesting, fledgling projects, research them, and then ...

Read full story on Bitcoin News

Tags: Bitcoin, Cryptocurrency, Coin, ETH Zurich, BCH code, The Forgotten, Max Keiser, David Chaum, Austrian School, Hunting