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Is it Altcoin Season?! As Bitcoin trades increasingly sidewise within extremely narrow ranges, it does appear that is finally settling down for a long period of consolidation with sharp moves in either direction often predicted but rarely failing to materialise. In the meantime, many altcoins are surging ahead with exciting projects and technological advances and low market cap coins are seeing growths of hundreds of percent based on news and announcements, reminiscent of the early days of Bitcoin. So, traders are increasingly looking for altcoins which are set to “pump” albeit for a very small windows of time and HODLers are diversifying away from Bitcoin as evidenced by its decreasing market dominance – currently 51.3% according to CoinMarketCap. Which brings us to the so called “altseason” and some of the top (and some of the unexpected) coins to watch over the next few weeks. We’re not going to delve into the technical analysts here, more providing an example of what kinds of news are causing pumps and driving further investment in altcoins. BitTorrent Token BTT The BitTorrent Token (BTT) is currently one of the most exciting projects in the crypto space. The combination of the TRON foundation and the BitTorrent / uTorrent application and it’s over 100 million monthly users is one of the most eagerly awaited launches of this year, although some may argue also one of the most hyped and is expected in early Q2. Currently BTT is priced at just $0.000743 and ranked nº 1785 on CoinMarketCap giving it huge amounts of room for movement especially when the BitTorrent Integration is launched. Enjin Coin (ENJ) A classic example, the Enjin Coin recently gained 400% on the news that the new Samsung S10 would include a built in cryptocurrency wallet with support for the coin. Groestlcoin (GRS) Currently ranked 123 on CoinMarketCap, Groestlcoin is perhaps one of crypto’s least heard of projects! However, it’s price recently surged 123% in a single day after it launched a debit card which can be used anywhere that accepts Mastercard. It’s clear from just the above examples, although there are many more, that the cryptocurrency market is still an exciting place to be, and whilst Bitcoin is in hibernation those looking for some swift and big profits should take a look at some of the lower ranked altcoins and keep a keen eye out for project news and announcements that are likely to boost a price significantly. There is also the standard warning when considering all of the above, cryptocurrencies are volatile and you may lose all your investment. Some of the coins mentioned above saw massive price gains but shortly afterwards also saw big losses. Be careful when choosing a coin and only invest what you can afford to lose. To start trading Bitcoin and other altcoins then contact Digital Market Xchange today and find out more about our managed trading services on our superior trading platform.

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Has Altcoin Season Finally Arrived?  

Forget spring, on the online world of digital currencies all the talk is about altcoin season. As Bitcoin loses it's dominance and trades s...

Has Altcoin Season Finally Arrived?  

Forget spring, on the online world of digital currencies all the talk is about altcoin season. As Bitcoin loses it's dominance and trades s...

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