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Altcoins Are Skyrocketing, Is Alt-Season Upon Us?open_in_new
After Bitcoin reached levels it hasn’t seen in months, investors are hoping and wondering if altcoins are ready for a long and sustained bull run.
Weiss Ratings thinks ETH moving past highs not seen in a long time is a great sign. The revival of Ethereum could be a signal that altcoins May be ready to run.
Although #BTC is showing signs of bullish exhaustion, #altcoins are on the rise: #ETH has hit a 7-month high of $235 and looks set to extend gains further toward $256 in the near-term. #XRP, meanwhile, has confirmed a bullish breakout. Here comes the alt season! #Bitcoin
— Weiss Ratings (@WeissRatings) May 15, 2019
Some think when momentum really kicks in, the best overall gains will be found in the altcoin market. The popular Twitter personality, DonAlt thinks smart investors should definitely put some money into altcoins for premium returns.
To all the people trying to snipe the Bitcoin top by shorting it:
Have you thought about longing altcoins instead? They’ve been / are capitulating and will very likely explode the moment BTC tops out.
There is more money in that than shorting BTC in my opinion.
— DonAlt (@CryptoDonAlt) May 11, 2019
And according to CNBC crypto analyst Ran Neuner, that opportunity has arrived. NeuNer declared “It’s (major) alt season” and that the big-time for altcoin gains has arrived.
He even went as far as saying there’s more money to be made than the last atmospheric run to $20,000.
This bull run will make 2017 look like play school.
— Ran NeuNer (@cryptomanran) May 16, 2019
From hodlers to personalities and pundits, it seems everyone is excited about the potential growth the crypto market could see in the coming months. Binance’s CEO Changpeng Zhao was among the many tweeting about the arrival of the ‘alt season’.
I don’t have any influence. But word on the street seems to be all about #altszn.
— CZ Binance (@cz_binance) May 14, 2019
With dozens of coins in the green and some lighting it up to the tune of 20%, we may be witnessing the beginning of a monster run.