Jun 4, 2020
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Is Altseason Back? Here Are Some Positive Indicators from the Crypto Market

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Ethereum [ETH] has outperformed Bitcoin [BTC] in the post-having bull run in the crypto-markets. Moreover, many other cryptocurrencies are recording hefty gains in the market as well.

The rise in Ether after the dump during the halving weekend is 27.3%, while that of Bitcoin is 9.25%. In the last year, since the parabolic move to $14,000 Bitcoin price has led Ethereum and other altcoins with a continual increase in dominance. However, with considerable liquidity in USD-stablecoins and cryptocurrency exchanges, altcoins are beginning to look positive again.

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BTC Vs. ETH Comparison (TradingView)

Among other top cryptocurrencies, Cardano [ADA] posted strong gains of over 40%, with Stellar Lumens [XLM] gaining over 30% in the last two weeks.

In a report by leading crypto analytics firm, Coinmetrics, it notes,

[Recent] market movements in response to mainnet launches, new product upgrades, and exchange listings are reminiscent of late 2017.

Moreover, OmiseGo has surged over 150% after the Coinbase listing announcement and USDT (Tether) integration. Stablecoin growth on top of a blockchain-based network like Ethereum, Tron, Algorand, EOS, Binance Chain, and so on are promoting a ‘freedom of exit’ for investors looking to invest in decentralized cryptocurrencies.

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