WILL ALTCOINS RALLY?

in #bitcoin7 years ago

Late on the 27th of june altcoins seems to be jumping back up and one altcoin bitcoin plus seems to be rapidly growing on the worldcoinindex 24 hour trade volumes list. Theoretically bitcoin should be doing very well with the altcoin pullback because most people do not want to put their money back into the fiat system, but it seems altcoins are making a comeback with ethereum back up to $275ish up 8.06% on the day according to worldcoinindex. Bitcoin and Litecoin are also up but only in the 3-4% range underperforming by almost 50% compared to ethereum. I personally think that the reason for huge growths like in bitcoin+ and ethereum is because people are looking for the quick returns right now and a bunch of day traders have gotten into the crypto market recently. Long term I believe that the Bitcoin, Litecoin, Dash types will be the ones to prevail. Other good cryptos that I have been watching that seem to be gaining more attraction are Monero, Bitcoin+, and Zcash. I do not know enough about these though to give a personal opinion on them though.
In conclusion the plan is still the same, continue to keep in the Gold/Silver/Platnimum of cryptos (Bitcoin, Litecoin, Dash).

Sort:  

Also look into Golem (GNT) ... My favorite alt coin, a lot of promise. I also wrote a blog on it if you wish to visit my page and read more on it.

Golum looks very interesting I think blockstack is something that will go very complimentary to it as well

Love the choice of image, cool post. Upvoted and Followed :)