• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Spin & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
altcoin
Nexo Logo

Altcoin Market Cap On The Verge Of Life-Changing Breakout

Tony Spilotro by Tony Spilotro
1 year ago
in Crypto
Reading Time: 3 mins read
Advertisement

The top ranked altcoin, Ethereum, has broken its all-time high and like Bitcoin’s big breakout, it has attracted more and more participants to the cryptocurrency market. Valuations are rising everywhere, and the total altcoin market cap is on the verge of a life-changing breakout, if history repeats. And given the current momentum and FOMO across the market, a shocking surge is only weeks if not days away.

Ethereum, Bitcoin FOMO, Reignite Crypto Market Bull Run

Years ago, few knew of Bitcoin let alone Ethereum and the thousands of altcoins that have emerged since the introduction of the first decentralized currency.

Bitcoin’s meteoric rise from $1,000 to $20,000 in 2017 prompted other coins to soar, and Ethereum reached a peak of $1440. With the two top coins roaring, capital began to flow into illiquidity low cap altcoins, which skyrocketed in value.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Related Reading | Here’s How High Bitcoin Could Go If 2017 Repeats

The same scenario is now happening again, following a big bullish breakout by both Ethereum and Bitcoin. Bitcoin led the charge with a rise from $20,000 to $42,000, and Ethereum is already trading $200 more than its former high just days after breaking the record.

Both assets are in price discovery now, and are dragging up the rest of the market. But according to the last major altcoin market breakout, we’ve not seen anything yet, and what’s about to arrive could be life-changing.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

altcoin total 2 cryptocap

Altcoin market is on the verge of a major breakout | Source: CRYPTOCAP-TOTAL2

Altcoin Market Cap On The Cusp Of Incredible Breakout

Looking back at the last bull market for crypto, the total altcoin market cap went parabolic and added more than $340 billion in value in the coming months.

From millions to billons in months in no easy feat. The total crypto market cap including Bitcoin is now well over $1 trillion. Could altcoins alone soon be valued in the trillions? Some analysts believe that Ethereum alone could be worth more than $1 trillion. Estimates for Bitcoin reach as high as $10 trillion, so why can’t other altcoins eventually do the same?

Related Reading | Altcoin Season Is Here: “Buy Crypto” Surpases Bitcoin Searches On Google

Crypto is in bull mode and as a speculative asset class anything is possible, but when still so many coins have little to no use case, or are nothing more than memes, even if the market does make it to trillions the capital will flow into projects with real value.

Life-changing wealth could be right around the corner, but remember, wealth is only made when positions are closed. Don’t be stuck holding bags of worthless but once pumping coins when its all said and done. XRP, for example, remains significantly below its former all-time high, proving that not all altcoins are winners.

Featured image from Deposit Photos, Charts from TradingView.com
Tags: bitcoinbtcbtcusdBTCUSDTcryptoxbtxbtusd
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter at @tonyspilotroBTC and feel free to drop me a line if you would like to work together.

Related Posts

total crypto luna bitcoin

LUNA Aftermath: Total Crypto Market More Oversold Than Black Thursday

6 days ago
Crypto Analyst Predicts 1 Altcoin Will Fall Down Hard – Is It Cardano?

Crypto Analyst Predicts 1 Altcoin Will Fall Down Hard – Is It Cardano?

1 week ago
Bitcoin

Crypto Shorts See $240M Flush As Bitcoin Rebounds Back Above $30k

2 weeks ago
Charles Hoskinson comments on cryptowinter

How Long Will The CryptoWinter Last? Cardano Founder Provides Answers

2 weeks ago
bitcoin liquidations

Crypto Liquidations Reach $1 Billion As Sentiment Falls To 10-Month Lows

2 weeks ago
Liquid

Over 110,000 Traders Rekt As Crypto Market Sees $120B Shaved Off

3 weeks ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Wildcoins Casino

Wildcoins Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Global Fit Club: The World’s 1st gym that pays it’s members set to launch

May 24, 2022

The Last Palmswap Trading Competition Before Mainnet Launch. Up to 500K PALM in Prizes – for free!

May 24, 2022

Cardano NFT Disruptor – EGO.COM Enters the Game

May 24, 2022

LBank Weekly Listing Report, 23th May 2022

May 24, 2022

Muu Inu (MINU) Is Now Available for Trading on LBank Exchange

May 24, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Spin & Win

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.