• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news Bitcoin

Bull Market Imminent? Why Investors are Stacking Ethereum, XRP, and Litecoin

Tony Spilotro by Tony Spilotro
2 years ago
in Bitcoin, Cryptocurrency news, Ethereum, Litecoin, Ripple
Reading Time: 2min read
Bull Market Imminent? Why Investors are Stacking Ethereum, XRP, and Litecoin
Advertisement

With Bitcoin back into the public eye and mainstream media spotlight, and its price back into the green, speculation that a bull market is starting has begun to spread across the crypto market. The bullish sentiment has also spilled into Bitcoin’s crypto brethren – such as Ethereum, Ripple, Litecoin, and more – and a full-blown altcoin season is expected by most crypto traders.

The price of Ethereum has climbed by 5 percent in the past 24 hours following impressive rally of XRP and Litecoin
The price of Ethereum has climbed by 5 percent in the past 24 hours following the impressive rally of XRP and Litecoin (source: coinmarketcap)

With a potentially profitable “alt season” ahead of us, investors are increasingly taking larger positions in altcoins, selling off their Bitcoin to load their bags. According to a new survey, crypto investors bags are heavily packed with altcoins in particular, which could shed some light into what transpires across the market in the coming weeks.

Poll: Nearly 50% of Crypto Trader’s Portfolio is Dominated by Altcoin Space

With crypto Twitter conversation lit up like the fourth of July talking about the promise of what an alt season can bring investors in the altcoin space for substantial returns, more and more investors are taking larger positions in Bitcoin’s competition.

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

According to a new poll by crypto analyst DonAlt, crypto investor’s portfolios are at this point comprised almost entirely of altcoins, rather than Bitcoin, which is generally considered the least risky digital asset aside from stablecoins.

How much of your portfolio is in altcoins?

— DonAlt (@CryptoDonAlt) June 6, 2019

The poll results reveal that nearly 50% of all crypto trader’s portfolios are comprised of “60-100%” altcoins. Altcoins are defined as any crypto asset that isn’t the original Bitcoin, including “major cap” alts such as Ethereum, Ripple, Litecoin, and more.

The Big Three: Ethereum, Ripple, and Litecoin Leading Alt Season Charge

It’s major cap altcoins like Ethereum, Ripple, and Litecoin that are driving much of the bullish sentiment in the market.

Crypto charts of interest.
1. $LTCBTC has completed a significant buy signal.
2. New recovery highs in XRP would be constructive with targets of .5688 and .6260. pic.twitter.com/l0GBevSGUk

— Peter Brandt (@PeterLBrandt) June 6, 2019

With Litecoin’s halving coming up, most crypto analysts conclude that taking a position in the asset designed by Charlie Lee is a “no brainer.”

Ripple is yet another large cap altcoin that crypto investors are expecting a surge in performance from. If past performance is an indicator of future performance, Ripple could explode in the coming days.

Ethereum also is poised for a powerful breakout, if Bitcoin can remain on solid footing. Many traders have been bullish on Ethereum for over a month now, but the asset continues to coil ahead of a major breakout.

Further driving the interest in the altcoin space, is the fever surrounding IEO tokens such as Matic, BitTorrent Token, Harmony One, and more. These assets, along with a handful of others that have yet to see a bull market, are expected to vastly outperform Bitcoin.

With crypto trader’s bags fully packed, if an alt season truly does kick off, the crypto market will once again be bringing investors returns beyond their wildest expectations.

Featured image from Shutterstock
Tags: bitcoincryptodonaltethereumLitecoinPeter BrandtRipple
TweetShare331
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? 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 digital media executive and global remote work leader with a decade of content experience and excellent. 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 and feel free to drop me a line if you would like to work together.

Related Posts

Bitcoin Analyst Explains Why Traders Should Buy Altcoins All March

Bitcoin Analyst Explains Why Traders Should Buy Altcoins All March

9 hours ago
Dash Investment Foundation Considers Buying Tesla and Coinbase IPO Shares

Dash Investment Foundation Considers Buying Tesla and Coinbase IPO Shares

10 hours ago
Bitcoin Exchange Suffers Massive Outflow as BTC/USD Drops

Bitcoin Exchange Suffers Massive Outflow as BTC/USD Drops

11 hours ago
How to Maximize Your Yield Farm Gains

How to Maximize Your Yield Farm Gains

1 day ago
Bitcoin Exchange Coinbase to Go Public; What Does It Mean for BTC/USD?

Bitcoin Exchange Coinbase to Go Public; What Does It Mean for BTC/USD?

1 day ago
Fastswap

FastSwap Set for Liquidity Aggregator and Binance Smart Chain Migration

1 day ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

Bitcoin Gaming Platform FreeBitco.in Acquires 3.75 Billion FUN Tokens

February 26, 2021

60-Minute IFO, 187 Times Over-Raised, 40 Times the Price, 98 Million US Dollar Marketcap: Berry Data Has Become a Bright Star on BSC

February 26, 2021

Get Your Brand New Tokens on Defiqa’s Presale

February 26, 2021

Newsletter Signup


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

Auto Trading Software ▸

Cryptocurrency news

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

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +

© 2020 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.