Altcoin projects continue to perform well in the market so far. The latest rally isn’t just limited to Bitcoin. Altcoins all over the market continue to post huge daily gains. Some cryptocurrencies are recording up to 15 percent price increase in 24-hour periods as the rally continues.
The increase in altcoin dominance in the market shows that prices in altcoins continue to rise even when the BTC price loses momentum. Often, most investors seem to have missed the opportunity in Bitcoin, as investors are always looking for the next big thing. As such, they tend to focus on altcoins to find the next coin that will deliver the same returns as Bitcoin.
This interest in the next Bitcoin alternative has been one of the driving forces behind the high values of many altcoins. Also, interesting technologies built to support emerging altcoins are seeing investors invest money in these projects because of the promise of the technologies.
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