Altcoins awakened suddenly, following a few days of more rapid Ethereum (ETH) appreciation. Late on Tuesday, most altcoins bounced off their recent stagnant prices, with some adding as much as 10% against Bitcoin (BTC).
Altcoins usually appreciate against BTC in cycles, but in 2019, most assets continued to sink. Now, talk of potential altcoin growth is renewed.
XRP has added more than 16% overnight to vault the $0.30 level. ETH grew by more than 7% overnight, to $212.55, potentially affecting other paired assets. The other fast grower was Stellar (XLM), adding 16% overnight to $0.066. Almost all altcoins are near lows against BTC, with the potential for further growth.
Over the past months, only separate coins or tokens would stage a rally, which often turned out to be a pump-and-dump. ...