Latest ‘Altcoin Season’ Fueled by XRP, Tron, Stellar Pushes Crypto Market Value to $2T for First Time
The industry's latest leg up has been fueled by ether and other alternative currencies, with bitcoin's rally pausing this year.
Despite short-term volatility, bitcoin's uptrend remains intact. And some traders could be shifting to altcoins.
It's not your imagination: Token listings on Coinbase tend to bring bigger price pops than on other cryptocurrency exchanges like Binance and Kraken.
“The biggest fear for many crypto traders has always been that big governments might impose harsh restrictions on cryptocurrencies,” said one analyst.
Blockstack's STX token is benefiting from altcoin season – and a listing on a South Korean cryptocurrency exchange.
As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year.