The post A Couple of Buried Altcoins Made Huge Moves Now, Is This the Resurgence of 2017 Bull Run! appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
The crypto space is filled with huge uncertain moves at the moment as most of the assets are swinging within a pre-determined range. While Bitcoin’s price is struggling hard to seal up the levels above $45,000, many altcoins have already ignited a larger move. Interestingly, more than the popular altcoins or specifically the newer coins, the mature coins show up an extensive bullish rally. Maybe the reason that these coins have previously undergone a bull run followed by an immense bearish trend. Below mentioned are some of the coins that have risen up from beneath.
The altcoins or the forks of the top 2 cryptos like Bitcoincash and EthereumClassic, where-in ETC is the top gainer with an 82% jump. While BCH raised by 27%.On the other hand, Dash & Zcash surged by 36% and 27% respectively. And EOS surged by more than 25%. These all mature coins are among the top gainers who surpassed most of the popular crypto assets. One of the Reddit users says that despite these coins performing well, no one really cares about them which is very bad for the upcoming rally. This type of pump has happened just before the dump ignited in the past.
Source: Reddit
While many in the discussion believed, that these moves do indicate the upcoming ETH price shift which could be impacted by the ETH difficulty bomb as well. Yet some people who held these coins back in the time just fell prey to FOMO. But it is also to be considered that Bitcoin in these times wes priced not more than $2500 to $3000. And now when the star crypto is above $40,000, these coins remain distinct from their respective ATH by a very huge margin.
However, considering the developments within the ecosystem, Bitcoin cash(BCH) and EOS have been constantly working on it. And hence both may maintain a significant uptrend being impacted by the developments. Yet many still believe these are the indication of the upcoming Altseason as many appear to have returned for their favourite coin.
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- Source: https://coinpedia.org/altcoin/a-couple-of-buried-altcoins-made-a-huge-moves-recently-is-this-resurgence-of-2017-bull-run/
