Altcoins rallying

[vasil777]

Looked at altcoins and they've started rallying pretty hard all at once, whats the reason for this? Is it because of Bitcoin going sideways for a decent while or some other reason?

About what "Rally" are you speaking about?
I see only EOS was pumped for +35% and that's all. Other cryptocurrencies have a very little price movement (1-10%).

After such falls, even 10% is like a breath of air. And bitcoin is no longer so popular due to the number of appeared altcoins which are more effective and better in technology. So we wait when the altcoins will break the whole market and become a new lever of influence.

I also think that after a while the altoquin will dominate the market, and the bitcoin will go to the bottom plan. The growth we see today is certainly good, but I'm not sure that this growth can continue. The market is a very unpredictable thing, so you need to suffer a bit to make a profit.

[SPINPIX]

Almost Every altcoin lost a lot in the last crash, for example ethereum lost more than 1000 dollars, so now it's  likely that it will recover and have a new run, maybe even more than btc

[Happydd]

Looked at altcoins and they've started rallying pretty hard all at once, whats the reason for this? Is it because of Bitcoin going sideways for a decent while or some other reason?

When a downgrade bitcoin penny for several weeks can cause damage to the investor. And they have the option to choose another coin worth investing to be Altcoin. They will look for a new property for themselves. But I think people keep learning, bitcoin will continue to grow well.

[cabbarlana]

There is a serious mass that we call whale investing in Bitcoin. Similar structures will also occur for subcoins later. At the moment, subcoins are not considered as reliable investment vehicles as bitcoin. In this, the effects of the scam projects are great.

[chukaday]

They are rising because Bitcoin is rising it is as simple as that. Look to Bitcoin for what the rest of the market will do, altcoins success and downfalls are usually tied to whatever Bitcoin is doing at the moment.

[futuret]

Looked at altcoins and they've started rallying pretty hard all at once, whats the reason for this? Is it because of Bitcoin going sideways for a decent while or some other reason?

About what "Rally" are you speaking about?
I see only EOS was pumped for +35% and that's all. Other cryptocurrencies have a very little price movement (1-10%).

After such falls, even 10% is like a breath of air. And bitcoin is no longer so popular due to the number of appeared altcoins which are more effective and better in technology. So we wait when the altcoins will break the whole market and become a new lever of influence.

I also think that after a while the altoquin will dominate the market, and the bitcoin will go to the bottom plan. The growth we see today is certainly good, but I'm not sure that this growth can continue. The market is a very unpredictable thing, so you need to suffer a bit to make a profit.

Then I am sorry to say this that you need to correct your thinking. No kingdom can exist without its king and the king stays always above everyone else. Bitcoin is the crypto king. There is no altcoin on the face of Earth that can take over its throne. I am an admirer of Ethereum, neo and few other potential altcoins but it does not mean that I would go against the facts and reality. Neither should anyone else.

[Yuuto]

Looked at altcoins and they've started rallying pretty hard all at once, whats the reason for this? Is it because of Bitcoin going sideways for a decent while or some other reason?

It is caused by bitcoin moving sideways for a while, which led to a big pump on bitcoin's price.

When bitcoin gets pumped, altcoins historically have also gotten a lot of increases in price and market cap. So that is the reason for the rally. I do't think the bear market is fully over, so take your profits wisely now that the price is a bit higher.

Altcoin prices will continue to depend on bitcoin prices since it's the face of cryptocurrencies and #1 in market cap. So if bitcoin is in a bear market or is getting dumped, so will altcoins, and vice versa in a rally.

[Klovezio]

It will be difficult to jump to conclusion but what I can say is that people tend to be giving up on Bitcoin for now, the price of BTC has kept the whole market down for weeks and since it seems there are some invisible hands keeping the price down, people will move to new assets and that would be Altcoins

nobody will give upon the bitcoin. Most coins can be traded by BTC and BTC is key connected with the whole market. When the market are red, you give upon the BTC? Why don’t you just give up the whole market.

[Robin,Hood]

It gives a little overview of the first 100 days of the year

[Psynthax]

Looked at altcoins and they've started rallying pretty hard all at once, whats the reason for this? Is it because of Bitcoin going sideways for a decent while or some other reason?

About what "Rally" are you speaking about?
I see only EOS was pumped for +35% and that's all. Other cryptocurrencies have a very little price movement (1-10%).

After such falls, even 10% is like a breath of air. And bitcoin is no longer so popular due to the number of appeared altcoins which are more effective and better in technology. So we wait when the altcoins will break the whole market and become a new lever of influence.

I also think that after a while the altoquin will dominate the market, and the bitcoin will go to the bottom plan. The growth we see today is certainly good, but I'm not sure that this growth can continue. The market is a very unpredictable thing, so you need to suffer a bit to make a profit.

Then I am sorry to say this that you need to correct your thinking. No kingdom can exist without its king and the king stays always above everyone else. Bitcoin is the crypto king. There is no altcoin on the face of Earth that can take over its throne. I am an admirer of Ethereum, neo and few other potential altcoins but it does not mean that I would go against the facts and reality. Neither should anyone else.

The place of bitcoin could be replaced by another coin but the impossible thing to replace all of the impacts that have been made by bitcoin to the majority of the market, people and more.

someone said about NEO, and that's another joke coin with pump and dump.
People are taking it quickly without any identification.

[Sroneshay]

The stock market still has a trend that everything is moving in one direction. Therefore, when bitcoin grows, then altcoins grow.

[dead_m92]

The stock market still has a trend that everything is moving in one direction. Therefore, when bitcoin grows, then altcoins grow.

Why are you comparing it to the stocks market? This is false, there are some stocks that are never following the same direction, otherwise it would always be in a bullish trend.

But yes, altcoins are always following bitcoin and that is the reason of why altcoins are going up faster than it.

[btcblockchain]

Altcoin rally about to start market look bullish we can expect pumps in the coming month June is crucial for the cryptocurrency market

[Xxxurrrad]

I still can not draw any global conclusions about last week. If growth continues - it will become more understandable.

[Arkh]

The bitcoin recent rally brought back some confidence in the market and investors feel comfortable diversifying in the altcoin market to try and maximize profit. I'm curious to see if this trend will last  !

[glowing10]

They are rising because Bitcoin is rising it is as simple as that. Look to Bitcoin for what the rest of the market will do, altcoins success and downfalls are usually tied to whatever Bitcoin is doing at the moment.

Since btc has crossed 8300$ the altcoin also have started to recover and many investors seems to be back in the market and thus the demand is rising continuously. Also a good time for traders to quickly make some quick gains in this rising prices.

[solarion]

Looked at altcoins and they've started rallying pretty hard all at once, whats the reason for this? Is it because of Bitcoin going sideways for a decent while or some other reason?

Seems like altcoin investor by seeing the flagship on altcoin at the first view. Bitcoin is the emerging in the market now and following that only we will find the altcoins value going upper in the market.
This time bump is happening because of taxation issue happening on US.
Other than that I do not think there would be a any reason for the price rise apart from this.

[leea-1334]

Looked at altcoins and they've started rallying pretty hard all at once, whats the reason for this? Is it because of Bitcoin going sideways for a decent while or some other reason?

It is caused by bitcoin moving sideways for a while, which led to a big pump on bitcoin's price.

When bitcoin gets pumped, altcoins historically have also gotten a lot of increases in price and market cap. So that is the reason for the rally. I do't think the bear market is fully over, so take your profits wisely now that the price is a bit higher.

Altcoin prices will continue to depend on bitcoin prices since it's the face of cryptocurrencies and #1 in market cap. So if bitcoin is in a bear market or is getting dumped, so will altcoins, and vice versa in a rally.

That is correct. We have two patterns already for altcoins. The first is during waves of Bitcoin either rising or falling, which all alts follow. And then when Bitcoin trades sideways, altcoins take this chance to rise up against each other, but generally recovering all their values lost against Bitcoin. I do not think this is the end of the bear market either. So I also took profits today (did not want to wait longer).

[neinnein125]

Yeah we are observing nice raise in every altcoins. So we need to realize longevity for this. I mean this started at monday as I remember and it keeps going with corrections. It may stop or now, we don't know. Be cautious.

[cryptorobbo]

IMO this is not a rally, but rather a slow recovery. Prices of altcoins felt down almost three times since January, so these 20-50% growth is just a healthy process of stepping back on the paths where they were.