Further prove its altcoin season? Or is it actually ETH thats leading?
Hey guys,
So yesterday I wrote a post saying that it appears that altcoin is currently leading the market...or at least doing better than BTC. See below a selection of main altcoin and BTC performances.
As can be seen that BTC is continuing to set lower lows whilst the others aren't, especially ETH. The BTC rate however shows a mixed picture, it appears that only LTC and ETH (there are probably some other altcoins also doing well...but I can't check and include all) are doing relatively better. Again ETH/BTC dropped to as low as 0.66 and bounced right back up to the current 0.71!
At the very bottom you may wonder why I'm showing OMG price. The reason for this is I wanted to show that its gaining 17% whilst the majority of coins are falling. And for those who know a bit more about ETH/OMG should know that OMG is built on the ETH platform and is one of the main coins dedicated to solving ETH's scaling issues. Of course I can't say that this is exactly why ETH is doing relatively quite well at the moment, but I just wanted to present to you the possibility of that link.
Hope you guys enjoyed this. Again this IS NOT trading advice. Thanks
I will upvote and resteem your last blog post free to my 35,000+ followers if you reply with the word, "free".
Coins mentioned in post: