Although the oldest cryptocurrency - Bitcoin (BTC) has broken its previous price ATH, some altcoins experienced only a slight recovery. Why is this rally different from the 2017 boom?
Cryptocurrency rates - which altcoins took the lead?
In this case, it runs Litecoin with a profit of over 50% in the 7-day range and 17.71% during the day. The current price of this cryptocurrency is around $ 108.26. Interestingly, the last time altcoin was seen with a three-digit result in mid-2019.
The current level, however, is far from what it was at the end of December 2017. At that time, ATH on the LTC was $ 375.29. According to data from Messari, Litecoin is still losing from its peak, in this case it is 75%.
The altcoins that can also boast of visible increases include Cardano and Bitcoin Cash. These, in turn, gained over 20% in value over the last 7 days, but the daily increase in their case does not exceed 2%.
As for the second largest cryptocurrency - Ether, its current rate is above the 600 USD per coin line. Yesterday's session on ETH was closed at 1.06% up. The maximum price on the chart of this altcoin for the last few days is $ 673.83, and the current price is $ 642.84.
Bitcoin still dominates altcoins
The dominance of the oldest cryptocurrency over other coins is still over 60%. Contrary to 2017, most investors turned to BTC, ignoring altcoins, which is why the most popular ones did not manage to break their ATHs. Even so, the overall cryptocurrency market capitalization has experienced strong growth. Currently, it is $ 653 billion. The peak recorded at the beginning of January 2018 is more than $ 827 billion.