Altcoin Un-season: Altcoin Prices Experience Severe Drop While BTC Dominance Rises

Well, it looked as if the table has turned in the past week. Altcoin is now experiencing an all-time low. This appears to be the onset of a un-season in Altcoin.

It is crystal clear that Altcoin had a brilliant start to the year with an impressive market share. The past few weeks have shown that BTC has experienced a significant increase. Within this period, there were no significant changes in the market cap. This resulted in Altcoin losing its value against BTC and their market share.

It is equally surprising that Binance Coin (BNB), known to be the king of the recent Altcoin season, is also beginning to experience a decline.

Could This Signal the End of the Altcoin Season?

Since there is no doubting the fact that BTC had a great month with massive dominance and gains while Altcoin experienced a great drop, could this be the start of the end of altcoin season?

Well, let’s have a good look at a few exceptions. While the Bitcoin cash has its market share increased by a percent, in the same period, some Altcoin prices have grown against BTC.

This can only mean one thing. The fact that BTC is experiencing a great dominance over Altcoin does not mean that Altcoin can’t undergo a significant increase in their market share.

Come to think of it, when you go down the memory lane, Altcoin does not have the best chance. This is because high volatility in BTC price does not provide the most favorable condition for Altcoin’s survival.

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Tied Coin: First Japanese Crypto Currency Launched in Collaboration with BeaXchange

The launch of Tied coin was recently announced as a price stable crypto currency. Tied coin has a complete collateral relationship between Euro and Japanese Yen. It is said that Tied coin would be the first Japanese crypto currency that is backed up by fiat.

Given the fact that Tied coin is massively backed, that means the coin cannot crash. This is because there is actual money behind it and stable coins are issued. Tied coin’s mode of operation is based on the interplay of demand and supply.