The cryptomarkt turns green. Especially with altcoins is going to be the good Ripple (XRP) is, for example, with a 19 per cent increase over the past 24 hours. Other cryptomunten such as the Stellar (XML), Ether (ETH), and Bitcoin to Cash (BCH) note significant gains. The altcoin season in the first place?The price of Ripple (XRP), hovering for months, between 23 and 24 cents. Not very exciting, all of them. But as of Tuesday morning, around 07:00 hours to let the price of XRP up. At the peak, and reached the XRP to a value of 28 euro cents. In terms of absolute numbers, it seems like a small difference, but as of Tuesday morning, the price of XRP is already by 18.6 per cent. Nevertheless, it would be a nice return on investment!
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Stellar (XML) is the biggest riser in last 24 hours
In the Stellar (XML), the differences in absolute numbers are much smaller than the XRP. On a daily basis is the market price, namely, increased 0,054 at 0.06 euro. It seems to be a very small difference, but as of Tuesday at 12:00 am and is XML, with a whopping 19.6 percent increase!
Check price XML
Ethereum (ETH zurich) – leads the altcoinmarkt
With the emergence of Ethereum (ETH), began earlier than that of the Stellar (XML), and Ripple (XML). Since Saturday the 14th of september, the exchange rate of the ETH zurich is in a rising trend. But as of Tuesday evening 18:00 and went out fast. In a five-hour period of time, increased the rate of six per cent to a peak of nearly 194 of the observations.
Check price of ETH
What is the altseason?
If you are fairly new to the world of crypto? Then you can use the term ” altseason may not be over heard to come. Altseason refers to the time period for which altcoins to significantly increase in value. With altcoins, each of the other cryptomunt, then bitcoin is meant to be.
Now, we are still using technical language to throw, even bitcoin’s dominance, it is an important term to remember. With bitcoin’s dominance is the market share of bitcoin in the cryptomarkt meant to be. Until the end of 2017, the whole of the cryptomarkt for about 95 percent of bitcoin.
In the chart below, you can see this in the market share of a bitcoin, from 2017 onwards, up to now. On the basis of which you can get an estimate of the altseason started:
The bitcoin’s dominance declined in the beginning of 2017. The Initial Coin Offering (ICO’s) were very popular, with an ICON and you could be one of the first companies to take ownership of a new altcoin. Investors have speculated heavily on the stock price of the altcoins, and as a result, the value of the altcoins have done a lot of growing.
Beginning in 2018, was the bitcoin’s dominance (as long as you are still in dominance may be only 35 percent of the time. However, after the beginning of 2018, it was altseason once again, bitcoin, took back the upper hand.
This year it gained bitcoin has the highest market share in two years, when there was already speculation as to a new altseason. Altcoins are a lot of value, and the dominance of bitcoin is falling. It Is a new altseason then it really got started?