The Rise of Layer 2s Spells End for Altcoins
Bitcoin is no longer limited to a single chain, meaning altcoins like ether are trending towards irrelevancy, says the neuroscientist and DeFi entrepreneur.
Though bitcoin's rally has lost some steam, many traders are still in a bullish mood – and shifting to alternative cryptocurrencies known as "altcoins" whose prices have yet to clear all-time highs from years past.
Bitcoin and ether may be pulling back from their all-time highs but alternative cryptos are starting to see action.
DeFi tokens are attracting investors as bitcoin's rally fades and new protocols are updated.
Data and traders reveal the source of XRP's recent price rally could be Asia.
Peaking implied volatility spreads suggest the emphasis in the markets will shift to ether and other alternative currencies in the short term.