Multiple Tokens See Rally Amid Looming ‘Alt Season’
Kyaw Kyaw
Altcoins
3 years ago
1 QCP
As prices for bitcoin and ether retreat from their recent highs, the strong performance of other cryptocurrencies indicate traders and investors may now be turning to alternative coins (altcoins) for potential high returns.
Data compiled by CoinDesk Research shows that as of Jan. 11, prices for both bitcoin (BTC, -5.56%) and ether (ETH, -6.09%) were about 87% and 78%, respectively, of their all-time highs. Yet, other CoinDesk 20 assets were still far from their highest prices on record. One possible implication is that these tokens may still have potentials to reach higher price levels amid the latest bitcoin’s bull run.
https://www.coindesk.com/altcoins-rally-altseason
Data compiled by CoinDesk Research shows that as of Jan. 11, prices for both bitcoin (BTC, -5.56%) and ether (ETH, -6.09%) were about 87% and 78%, respectively, of their all-time highs. Yet, other CoinDesk 20 assets were still far from their highest prices on record. One possible implication is that these tokens may still have potentials to reach higher price levels amid the latest bitcoin’s bull run.
https://www.coindesk.com/altcoins-rally-altseason
- Alt Season
- Cryptocurrencies
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