The growth of the main cryptocurrency, which began recently, did not last long and most of the altcoins moved into a sideways trend again, as traders reduced their activity. How long such passive dynamics last, time will tell.
Prices for the most popular cryptocurrencies are now in growth again. Continuous price corrections against the US Dollar, which lasted for nearly a month, seem to comes to an end. In the coming days we expect altcoins to reach new support and resistance levels.
Investments in altcoins are become increasingly popular these days. A stop of price fallings and the sideways trend which is peculiar to the most popular altcoins now shows the new trend among investors.
The emergence and growth of the popularity of the alternative currency Bitcoin has led to the creation of many other cryptocurrencies based on Bitcoin Blockchain code. All these cryptocurrency have the generic name - Altcoins.