Crypto-currency Alt-coin's or Alts are beginning to rally since Bitcoin price has pulled back. Historically as institutions and retailers alike take profits from Bitcoin they often look for more opportunities else where. Conventional and unconventional investors look to the Alt coin market which may include the stock market for gains.
It's not uncommon to hear the term "ALT Season" when Alt's collectively start to increase in price. When we hear Alt Season what does it mean? From a somewhat technical perspective its when total market capitalization leans more towards Alt-coins in market share versus bitcoin respectively. Below we can see that in chart A & B Alt coins have indeed started to rally. You can also see that the SPY a ETF that represents stock market has rallied as well which presents another option for investors. I assume that most readers here are more concerned with crypto-currency. With that being said do you think Alt-coins will break into ATH territory in the next up-coming weeks?
Chart A - Alt-coin Dominance
Chart B - Alt-coin Market Cap.
SPY - SP500 ETF
Please tip, leave your questions or comments below. If you guy's have questions I will do a follow up article on the direction of the
alt-coin market.
Twitter: Inter_netMoney
