Are We In AltCoin Season?

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(Edited)

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Bitcoin saw an all new high of $40,000 not long ago and came crashing down. However just a few weeks later we now start to see bitcoin flirting with this level again however bouncing back and forth wildly.

There is however at least one coin/crypto that continues it's rally and I have to say I believe it still has a long way to go and will be the key focus in the next rally.

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That crypto being Ethereum which once again is a huge driving force into adoption of crypto and paving the way for many new projects.
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Unlike bitcoins chart which just keeps bouncing back and forth which is a near repeat of what we saw three years ago that resulted in a hard crash. Ethereum continues to have a rather steady climb which is why I feel this crypto is going to be in a steady bull run for the next few months.

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Ethereum has a number of driving factors behind it.

The introduction of POS
The introduction of DeFi which is currently all the rage
The reintroduction of new projects being launched on the platform.

However it's still running into the old issues of three years ago and that's high fees when the network starts to become congested. The same flaw of Bitcoin.

What's really cool about all of this is that Hive actually does all of this as well with low to no fees and a solid system. The market cap and amount of exchanges it's listed on however are some of the key areas I find lacking of HIVE and we can start improving this by brining more publicity to the HIVE chance.

Other apps however like LEOFinance and future projects of theirs I believe will bring good traction to the Hive ecosystem and start brining attention to what is possible with the Hive block chain.

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Posted Using LeoFinance Beta



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3 comments
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Based on the signals it looks like it. Predictions indicate that by the end of the month the price of ETH will be on the rise.

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Hopefully it'll be a long and steady alt season. I still can't believe how HIVE with all of its features, especially the almost instant and feeless transactions is still denied. Regards champ.

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