Category Archives: Altcoin
Ether Eyes $160 As BTC Oscillates And Altcoins Rally – – CryptoVibes
The crypto market has mixed price actions. The altcoins continue to benefit from Bitcoins sideways movement. Most investors and traders who review the altcoin-to-Bitcoin pairings at various exchanges will notice that most of the altcoins are gaining double digits against the flagship token.
At this moment, THETA is up over 11%, KyberNetwork (KNC) 16% and TomoChain (TOMO) has rallied over 15%. However, Ether has failed to replicate these gains but as the end of the year approaches, ETH is still seeking to close 2019 with a 35% gain.
From November 27, the price of Ether has tracked closely just below the long-term descending trendline, registering lower daily lows. The December 12 plunge to $139 registered the fourth time the support has been significantly tested since November 22. The altcoin, however, remains at risk of falling to the last remaining strong support at $131.61.
The December 13 uptick in volume suggests that the bulls are ready to defend the $139 support. Currently, the price is trying to press against the descending trendline at $145.35 that is also aligned with a considerably high volume node on the volume profile visible range indicator (VPVR).
In spite of Ethers bearish bias, there is an interesting opportunity for a swing trade that may kick out a 10-12% return on investment. In the case that Ether can explode above the descending trendline and rise past the resistance at $150, the ETH price may run through the VPVR gap to $160.
This price action can also place Ether within a few dollars of setting a daily higher high. That is something that has not been seen since it plunged from $163 on November 24. Ether is also showing signs of approaching the moving average of the Bollinger Band indicator at $148. The upper band is located at $155.
Traders will also see that the moving average confluence divergence (MACD) histogram has formed a continuous increase in momentum. Also, the MACD continues to pull away from the signal line. As it is evident from the 6-hour chart, ETH is struggling to rise above the descending trendline and the 12-period exponential moving average.
On the other hand, the Chaikin Money Flow (CMF) oscillator has surged above 0. The MACD seems to be on the verge of a bull cross while the RSI bounced from the oversold region and it is not heading to 46. ETH just needs an increase in buy volume to rise through the high volume node at $146.
For just this one time, the Ether set up on the ETH/BTC pair appears to resemble the ETH/USD pair. Moreover, the price has also been limited between the descending trendline at 0.020190 (sats) and the 12-point EMA.
Earlier on December 13, the ETH price popped above the descending trendline briefly. Traders are set to notice the bull cross on the MACD and they will also see that the indicators histogram has flipped green. At the moment the indicator is above 0. The RSI (relative strength index) has gone into the bullish territory and it is climbing towards 60.
Ether will encounter strong challenges while trying to rise above 0.020829 (sats) but the 0.019577 (sats) support has held well. Most of the traders may choose to wait for the price to reach 0.021101(sats) or a higher high at around 0.021781 (sats) before considering any form of entry.
The same scenario can also be said for the ETH/USD pair. Traders may also wait for Ether to clear the descending trendline to set a higher high above $152 before entering the market. On the other hand, buying the dip on pullbacks to the $138.57, $131.50 has also proved highly profitable. Thus, traders may consider waiting for a less risky entry at any of these supports.
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Ether Eyes $160 As BTC Oscillates And Altcoins Rally - - CryptoVibes
Whats the outlook for Litecoin in 2020? – Coin Rivet
Originally created by former Google employee and later CTO of Coinbase Charlie Lee, Litecoin (LTC) was one of the first serious altcoin projects developed with an actual purpose.
While Bitcoin was seen as digital gold and a potential long-term store of value, Litecoin was created to be silver and used for everyday purposes.
In essence, Litecoin possesses many of Bitcoins features, but is lighter to carry and faster to transact. Lee believes the goal and mission of Litecoin is to be a live testnet for Bitcoin.
LTC has had a turbulent time in 2019, but how will Litecoin fare in 2020? Will higher volumes and fresh cash spur a new bull run after the disappointment of the halving?
Essentially, for any price appreciation to happen, we need serious volume coming into the cryptocurrency market.
In the short term, the outlook for Litecoin is quite grim.
Prior to mid-June, the altcoin was the best performing digital asset of 2019, growing more than 170% in fewer than 90 days and peaking at around $145. However, the uptrend sparked by the Litecoin halving did not last.
The reality is that the Litecoin halving, which took place a few months back, may have been a buy the rumour, sell the news type of event. Seasoned traders took profits weeks before it took place.
A serious summer downtrend then saw LTC tumble to around $49 before a market-wide pump last month following Chinese President Xi Jinpings bullish comments on blockchain.
However, the positive sentiment seems to have faded away again and LTC is back in a downtrend.
In Bitcoin terms, the outlook is even worse.
Looking at the chart above, we can immediately conclude that LTC is near its yearly low against Bitcoin.
At the moment, LTC is just above its 20-day EMA, sitting around 607,800 sats. Volume-wise, price is finding some weak support close to a key level, between 600,000 and 710,000 sats. The next strong level of resistance should be felt around 900,000 sats.
If LTC is able to break above the 50-day EMA and sustain some support below the 200-day EMA, we could see a sudden shift in investor preferences. However, for the time being, it looks like Litecoin is in for a period of accumulation.
Given Litecoins overall panorama, both in terms of USD and BTC, one could argue the altcoin is posed for a positive run during 2020.
For Litecoin to start a serious bull run, I believe fresh cash needs to come into Bitcoin initially before investors and traders move some gains into LTC.
The reason why I argue BTC has to pump first is due to historical reasons. Looking at both charts, it seems LTC/BTC moves before LTC/USD.
Therefore, I believe we could potentially see a mini-rally before May 2020 given the upcoming Bitcoin halving, which will reduce Bitcoins block reward by 50%.
During 2019, LTC pumped prior to its own halving, which took price close to all-time highs in Bitcoin terms.
If Bitcoin recovers to its 2019 highs, around $14,000, we could definitely see some of the gains trickling down into the top altcoins such as Litecoin.
Charlie Lee has also confirmed privacy is on the horizon for Litecoin next year.
Litecoin is making moves to add privacy features through the Mimblewimble protocol.
According to Lee:
Were working with the Grim++ developers to add an implementation of Mimblewimble. It adds an extension block to the Litecoin main-chain. You can transact between chains to use enhanced privacy.
The goal would be to give Litecoin users improved privacy features when transacting.
If theres an altcoin fundamentally ready for a new push, LTC seems to be the one.
Will LTC moon in 2020?Well have to wait and see.
Safe trades!
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Whats the outlook for Litecoin in 2020? - Coin Rivet
Ethereum Classic is the Top Altcoin in Daily Active Addresses, Heres Why – Coingape
Ethereum Classic (ETC) ranks as the second largest blockchain in number of active addresses, only behind Bitcoin (BTC). Currently at 479,000 active addresses, ETC boasts of a larger user base than Ethereum (ETH), Tron (TRX), and Dash (DASH) with 200k, 67k and 93k daily active addresses respectively. The recent spike in daily active addresses may be a factor of the increasing developer activity on the blockchain and recent launch of futures contracts on ETC.
As explained above, the number of daily active addresses on ETC soared to 479, 030 daily active addresses on December 8th from 433, 880 active addresses the previous day. This set it as the top altcoin across the industry and the second highest daily active addresses behind Bitcoin with 587,010 active addresses.
ETC has been on the back foot of its higher fork, Ethereum, since the two chains forked with a contingent choosing to stay on the original chain, now ETC. Since then Ethereum has had the upper hand in both price and active users on the chain but the latter changed in late September as the ETC users spiked above Ethereum for the first time since the fork.
ETC users soared to 1.02 million daily active users on 29th September, ETH had 231,660 daily active users the same day, before a short reversal saw the number plummet to about 11,000 daily users in a week. While Ethereums daily active users remained rather constant during the week, ETC shot up to 4 million daily active users on 10th October before crashing to 16,000 active users in the next 48 hours.
Since the start of November, ETC users have been on a climb securing the second position with over 400,000 daily active users since the end of October.
The hike in number of daily active addresses signals a possible hike in developer activity on the platform, Ethereum Classic. The surge in popularity of the blockchain further explains users coming on to the platform due to increased decentralized applications built on ETC. According to Dapp Direct, an independent analysis firm, Saturn Protocol remains the top dApp on the Ethereum classic platform with over 40 users on the platform in the past 72 hours.
Notwithstanding, OKEx introduced the ETC/USDT futures contracts, enticing traders to trade and bet on the future price of ETC. The price of ETC has remained relatively constant at $3.96 USD over the past few days since the announcement by OKEx on Saturday. Since the announcement, the daily active addresses on ETC saw a massive 10% increase in number.
The soaring nature of ETC in other aspects of the blockchain signals a bullish stance for the coin in the near future and a $5 USD price looks set on the horizon.
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Ethereum Classic is the top altcoin in daily active addresses
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Ethereum Classic (ETC) ranks as the second largest blockchain in number of active addresses, only behind Bitcoin (BTC). Currently at 479,000 active addresses, ETC boasts of a larger user base than Ethereum (ETH), Tron (TRX), and Dash (DASH) with 200k, 67k and 93k daily active addresses respectively.
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Lujan Odera
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Coingape
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Ethereum Classic is the Top Altcoin in Daily Active Addresses, Heres Why - Coingape
Nike Shoes and Ethereum? Why Not – Altcoin Buzz
The behemoth sports manufacturer, Nike, has obtained a patent to tokenize shoes on the Ethereum blockchain.
The US patent and trademark office released a report on December 10, 2019.Nike pointed out that its intention is to produce special identities. And create ERC721 tokens for its sneakers. Also adding that users can easily unlock the tokens by buying real-time shoes. The tokens will include special owner IDs. Besides, they will be capable of recording genotype data of a virtual shoe, for instance, colors, styles, attributes, and background.
Interestingly, the patent provides users with more control over their shoes and the design. The application also disclosed that every owner has the ability to set some limits. For instance, regarding how many copies of these shoes, others may clone or generate. Concurrently, there are some features of surrogacy that permit others to combine shoe designs. The patent also comes with parenting features. These allow third parties to sort of take care of these shoes.
Concurrently, the ownership rights for every successive production of a virtual shoe may belinked back to its authentic, real-time shoes. An encryption key will power this process. The key is closely associated with the digital product, according to the report.
The fact that Nike takes interest in tokenizing shoes is hardly a surprise. Some point out that in China, Nikesaw a 22% quarterly revenue jump this September. Why? Because the Chinese are apparently into limited-edition footwear. Thus, such a move by Nike may become profitable and hence the decision to allow customizing shoes.
To remind, in April, Nike announced that it is gearing up for the launch of its own crypto, Cryptokicks.
Previously, Altcoin Buzz reported about Swiss-based digital payments processor Utrust that has partnered with Alternative Airlines to facilitate crypto payments.
Altcoin Meltdown Intensifies as Tezos, Ravencoin, VeChain Take the Plunge – CCN.com
Bitcoins gravitational pull on the wider cryptocurrency market was evident on Tuesday, as altcoins lost billions in collective value.
There was no immediate catalyst for wider market selloff, though bitcoins inability to climb above technical resistance and chaos involving Matic Network likely contributed to the poor performance.
The value of digital currencies excluding bitcoin lost over $2 billion in market cap on Tuesday, according to CoinMarketCap. Their combined value now stands at $65.3 billion, or 33.2% of the overall cryptocurrency market.
To get a sense of just how badly altcoins have crashed, the market peaked at $141 billion in late June. At just over $65 billion, the market today is valued at a fraction of its June high.
With the exception of Chainlink (LINK), the top-50 altcoins and tokens declined on Tuesday. From the top, Ethereum (ETH), XRP, bitcoin cash (BCH) and Litecoin (LTC) were each down more than 2%.
Beyond the top-ten, Tezos (XYZ) plunged more than 10% to $1.42, VeChain (VET) hemorrhaged 15.2% to $0.00603 and Ravencoin (RVN) was down a whopping 25.4% at $0.0234. These projects were among the biggest gainers during the 2019 bull market.
Meanwhile, Matic (MATIC) was still nursing losses of more than 59% following an overnight collapse.
Bitcoin also languished under the pressure of a falling market. The largest cryptocurrency is down more than 3% over the past 24 hours, having reached an intraday low of $7,211.75 on Bitstamp.
The bitcoin price took a step back after failing to break $8,000 in late November. The king of cryptocurrencies peaked near $7,900 Nov. 30, but has struggled ever since.
The panic sale in the altcoin market comes on the heels of a surprising announcement from Huobi, one of the leading cryptocurrency exchanges. Earlier this week, the company said it will be shutting down HBUS, its U.S. exchange operation, so that it can return in a more integrated and impactful fashion as part of its strategic layout.
HBUS users have until Jan. 31, 2020 to withdraw their assets.
Huobis U.S.-based customers were forced to transition to HBUS in early November as part of a wider effort by the company to comply with U.S. legislation.
As of Tuesday, Huobi Global was the 26th largest spot exchange for cryptocurrency trades, according to CoinMarketCap. The data should be taken with a grain of salt due to widespread misreporting of digital currency trading volumes.
This article was edited by Josiah Wilmoth.
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Altcoin Meltdown Intensifies as Tezos, Ravencoin, VeChain Take the Plunge - CCN.com
Top 3 price prediction Bitcoin, Ethereum, Ripple: Altcoin auto-MATIC carnage – FXStreet
The collapse of MATIC today in Asian session should help us not to lose sight of the reason why we entered the crypto market: preserving and making money.
According to the latest information, the highly leveraged bullish positions triggered the carnage.
The story of these fulminant falls is always the same and its ingredients are quite simple:
- Anxious traders with a tendency to take too much leverage.
- Market narrowness refers to the inability of the order book to absorb a high amount of orders. In these situations, the price slips in the direction of the avalanche, then activates protection stops that increase the chain effect. And so on, until the order book is balanced again.
- Leverage in trading can be a great ally or the worst enemy. In the subject matter of this article, a leveraged position against an avalanche movement leads to the closing of the trading position. The action is so fast, and the losses so heavy, that the "margin call" sequence followed by the "closing of all positions" is practically instantaneous.
As much as it now seems like something like that only happens in the cryptocurrencies market, readers surely know similar situations in any other quoted market.
What can we do to protect ourselves?
- We should never take heavily leveraged positions in illiquid assets. This type of asset is easy to move. Those responsible for manipulation only need to give the first push, leverage and lack of funds do the rest of the work.
- The total capital we dedicate to this type of adventure should not exceed 5% of our money.
- If we take leveraged positions, we should not wait for consolidations. Any profit made must be executed immediately, without giving time to the accumulation of positions on the opposite side.
The ETH/BTC pair is currently trading at the 0.02004price level and is timidly looking green. The simple average of 100 periods shows a bullish profile that augurs a cross of the long-term bearish trend line at the 0.021 level.
The price of the ETH/BTC pair will tend to that range first and should continue to rise towards the 200-period simple average passage zone.
Above the current price, the first resistance level is at 0.0205, then the second at 0.02225 and the third one at 0.023.
Below the current price, the first support level is at 0.02000, then the second at 0.019 and the third one at 0.018.
The MACD on the daily chart shows a bullish cross in development at the moment. The cross will culminate in the next few hours and should give way to a more positive tone in favor of the Ethereum.
The DMI on the daily chart shows bulls increasing trend strength against bears, which gradually lose power.
The BTC/USD pair is currently trading at the $7,333price level and points to a day of moderate price declines. Bitcoin's inability to beat the $7,500 daily close is a sign of weakness.
A stronger bearish move with a target at the $6,850 level cannot be ruled out.
Above the current price, the first resistance level is at $7,450, then the second at $7,500 and the third one at $7,600.
Below the current price, the first support level is at $7,100, then the second at $6,850 and the third one at $6,750.
The MACD on the daily chart retains the bullish cross despite losing openness between the lines and the bullish incline. The closeness between the lines can cause a rejection movement to the price hike.
The DMI on the daily chart clearly shows more-bullish bulls in the same intensity with which bears follow it down.
The ETH/USD pair is currently trading at the $147.3price level, showing the difficulty of overcoming the resistance level at the $150 price level.
The release of the Istanbul upgrade has not meant any change in the Ethereum price.
Above the current price, the first resistance level is at $150, then the second at $155 and the third one at $160.
Below the current price, the first support level is at $145, then the second at $140 and the third one at $130.
The MACD on the daily chart shows a slightly weakened bullish profile due to the impossibility of breaching the $150 price level.
The DMI on the daily chart shows the bulls gaining strength little by little. The bears, on the other hand, are continually losing trend-strength.
XRP/USD is trading at the $0.223price level, remaining within the same range as in the past few days.
Above the current price, the first resistance level is at $0.23, then the second at $0.245 and the third one at $0.248.
Below the current price, the first support level is $0.22, then the second level is $0.21, and the third level is $0.20.
The MACD on the daily chart shows a clear bullish profile despite the sideways price in the last few days.
The DMI on the daily chart shows a small improvement in the activity level of the bulls, which nevertheless remain at deficient levels. The bears are gradually decreasing in their trend-strength level. A change of positions still seems distant.
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Top 3 price prediction Bitcoin, Ethereum, Ripple: Altcoin auto-MATIC carnage - FXStreet
Altcoins: Could This Be the End of Tokens? – CoinCodex
Namecoin was released in April of 2011 and was the first altcoin to hit the market. Ever since,altcoins have been playing catch up to Bitcoin. Growing by numbers by the day, there are numerous altcoins with each claiming to have better features than the rest.
What is an Altcoin? >
When it comes to value, altcoins have alwaysaimed to overthrowBitcoin. Many got a fighting chance back in 2017 during the cryptocurrency bubble. Although none came close, some altcoins hit quite remarkable valuations. Ethereum came the closest to overtaking Bitcoin in June of 2017 - at one point, the market cap of ETH was at almost $35 billion when BTC was valued at $42 billion.
Comparing the market cap of Bitcoin and the rest of the cryptocurrency market
Two years down the line, and many altcoins are now barely hanging on by a thread. Many altcoin projects were forced to close shop after the long crypto winter while those that survived may not be equippedto survive another winter.
A Brief History of Bitcoin: a Wild Altcoin Appears >
Bitcoin Cash has long fallen from its glory, dropping by about 94% from its all-time high valuation.XRP, despite various partnerships to build its network, has also dropped about 94% from ATH with its market cap dropping below $10 billion. XRP is currently trading at about $0.20.
While commenting on the future of Zcash, one trader, DonAlt pointed out that the coin has suffered truly devastating losses against Bitcoin compared to its price at launch. He stated in a tweet:
Other altcoins that have dropped by 90% or more include NEO, TRON, Stellar, Dash, Ethereum Classic, VeChain, Ontology, Qtum, Nano, Augur, Iota and Bitcoin Gold.
In a recent interview with CNBC, Max Keisertried to explain why altcoins are slowly dying. Keiser stated that people have lost interest in these cryptocurrencies due to the recent changes on the Bitcoin network. He explained that more people have begun to understand the store of value in Bitcoin,and said thatall that cash is going to flow into Bitcoin.
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Altcoins: Could This Be the End of Tokens? - CoinCodex
Latest Litecoin price and analysis (LTC to USD) – Coin Rivet
Litecoin (LTC) is currently trading at around $44 after a 4% drop in price since last week.
However, despite the overall downtrend, LTC has remained stable over the last 24 hours.
Litecoin experienced exponential growth earlier this year. Prior to mid-June, the altcoin was the best performing digital asset of 2019, growing more than 170% in fewer than 90 days and peaking at around $145.
A serious summer downtrend then saw LTC tumble to around $49 before a market-wide pump last month following Chinese President Xi Jinpings bullish comments on blockchain.
However, at the time of writing, LTC seems to be in bad shape after a massive drop down to $44 from $60 last month.
Will the altcoin recover and push above $50? Lets take a look at the LTC chart, courtesy of TradingView.
Looking at the EMAs, the trend is looking grim. All of Litecoins EMAs have crossed to the downside and price action has been sloping downwards since the summer.
This is a clear sign of weakness, especially as LTC is now trading below a key support level around $55-$57 (according to the volume profile on the left).
Last week, I mentioned I could not foresee the price of LTC growing without first pumping above $50. In addition, volume really needs to grow. At the moment, volume is sitting close to $2.7 billion, much like the previous week.
Finally, if the altcoin defies the odds and recovers, Litecoin will likely face some resistance around $72-$75 and then again near $90.
Ive shifted my position over the long term and I now believe it may take longer for a pump towards $100 to take place. Its much more likely that the next significant pump will only happen after the BTC halving, which is taking place sometime in May 2020.
Recently, the Magical Crypto Friends show which is available on YouTube and features Litecoin founder Charlie Lee discussed the recent Litecoin Summit 2019.
The show covered the most important discussions in the community. From Litecoin acting as a store of value to new development updates.
Lee confirmed that the project is working on privacy improvements as well. The Litecoin development team is working with the Mimblewimble protocol, specifically the developers behind Grim, with a view to potentially adding the privacy protocol as an extension block.
According to Lee, it would work as follows:
Were working with the Grim++ developers to add an implementation of Mimblewimble. It adds an extension block to the Litecoin main-chain. You can transact between chains to use enhanced privacy.
The goal would be to give Litecoin users improved privacy features when transacting.
Litecoin was released in October 2011 by Charlie Lee, a former Google employee. It is a fork of Bitcoin, with the main difference being a smaller block generation time. The protocol also increased the maximum number of coins and implemented a different script-based algorithm.
Litecoin is one of the leading cryptocurrencies and is one of the top 10 cryptocurrencies by market capitalisation.
If you want to find out more information about Litecoin or cryptocurrencies in general, then use the search box at the top of this page. Heres an article to get you started:
As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.
You may be interested in our range of cryptocurrency guides along with the latest cryptocurrency news.
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Latest Litecoin price and analysis (LTC to USD) - Coin Rivet
Bitrefill and Bitfinex Are Now "Partners in Crime" – Business Partnerships – Altcoin Buzz
The Bitfinex cryptocurrency exchange has partnered with Bitrefill, a service for topping upmobile accounts and purchasing gift certificates.
Bitfinex users can now buy over 2000 gift cards and voucher codes from the Bitrefill catalog. The exchange announced the partnership on Twitter. The B2B procedure will be happening on the Lightning Network. Furthermore, users can also pay for entertainment, dining, traveling, shopping services.
Commenting on the partnership, CEO of Bitrefill, Sergej Kotliar said, If all goes as planned, this should become the new standard for doing integrations. No custody of coins is happening. User is actually withdrawing from their Bitfinex account over LN to pay us directly. And the payment is settled securely and instantly.
Bitrefill started its operation in 2014. This platform is a great example of how to use cryptocurrencies in everyday life. Thus, it offers the opportunity to top up your mobile phone account with more than 600 operators in 143 countries.
Besides, you can easily top up your family or friends accounts, even if they live in another country. And you can use Bitrefill to buy gift cards and vouchers. Currently, the company received 130,000 positive reviews from the users.
Bitrefills CCO,John Carvalho, says: We believe that getting bitcoin exchanges on to the Lightning Network early is integral to preparing for the next wave of adoption and building out a parallel economy for bitcoin. This collaboration signals a new era for bitcoin commerce. We will continue to work closely with Bitfinex and other businesses to develop Lightning solutions and products that make living on crypto a reality.
Earlier, Altcoin Buzz reported about the Bitfinexs partnership with the Lightning Network. The companys CEO, Paolo Ardoino is advising that over 400 deposits and withdrawals processed via LN.
Besides, in November, the exchange launched a special Bitfinex program. Its goal is to reward users for likes.
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Bitrefill and Bitfinex Are Now "Partners in Crime" - Business Partnerships - Altcoin Buzz
Altcoin apocalypse XRP, Bitcoin Cash and ZEC over 90% removed from ATH – Born2Invest
Altcoins like Ethereum, Bitcoin Cash, and ZCash are currently struggling for survival and analysts dont expect them to grow in value. Are we witnessing an altcoin apocalypse or is this crypto bear market just a blip?
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As 2019 is coming to an end one thing is clear, the altcoin golden age is at an end. Two years ago the word ICO was on everyones lips.
In 2017, FOMO was the daily companion of every new investor and scammers took advantage and reaped huge rewards with fake ICOs and abandoned projects. Almost daily a new Bitcoin killer hit the market. However, few, if any, followed through on that promise.
Prior to the 2017 ICO rush, there were already a number of well-established altcoins of varying pedigree, like Ethereum, Ripple, Bitcoin Cash, ZCash and IOTA. Most of these coins hit their all-time high in 2017 and most have experienced a sustained decline since then.
Ethereum is 89% below its all-time high. This applies both to the pair ETH/USD and ETH/BTC. Bitcoin Cash is 95% below its all-time high in US dollars.
The most relevant example is probably ZCash. The anonymous cryptocurrency, which was among the top 20 coins for a long time, has lost almost everything in value compared to Bitcoin.
ZCash is currently 98% below its all-time high in US dollars. Looking at the ZEC/BTC currency pair, ZCash lost 99.98%.
Almost all altcoins have seen a significant drop since then and have performed significantly worse than Bitcoin, which is around 63% below its all-time high, but the return on investment for early investors is still significant.
Ethereum, XRP or IOTA have all had an enormously strong Return-On-Investment (ROI) value. All three altcoins have gained hundreds and thousands of percent since their ICO.
However, only a few investors were able to benefit from this price increase most of them probably have exited in the boom year 2017.
Some of the altcoins have held their positions over the last two years. Ethereum, XRP, Bitcoin Cash and Litecoin are still in the Top10. While Bitcoin has been able to increase its share price by more than 100% since August 5, 2017, the situation is much worse for most altcoins. No matter if it is Ethereum, Bitcoin Cash or IOTA.
Currently, the prices of the respective altcoin are a good 50% below the values at that time. Of course, at the end of December 2017, we saw abnormal prices for the altcoins.
Even those coins that performed well did not achieve significant gains over time. At the moment, Litecoin is trading at pretty much the same price as on August 5, 2017. XRP rose from $0.18 to $0.21 during this period, up 15%.
From a price and technical point of view, some of the featured altcoins such as Bitcoin Cash, or ZCash have been failures. Bitcoin Cash has an ROI of -62%. ZCash is -98%.
While other altcoins such as Ethereum or XRP have provided tremendous returns for those who bet on them, neither coin has been able to outperform Bitcoin in recent years.
The current market capitalization of the entire crypto market is almost $200 billion on August 5, 2017, it was about $100 billion.
While the MarketCap has now doubled, Ethereum, XRP, and Co. have had to lose a lot in market capitalization. However, one of the coins that have benefited massively from this growth is Bitcoin.
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Altcoin apocalypse XRP, Bitcoin Cash and ZEC over 90% removed from ATH - Born2Invest