Altcoin

At the beginning of the week, the fall of alternative coin prices seemed to have stopped and they even slightly increased in price.

This week holders of altcoins suffered losses, as all altcoins except Ethereum lost in the price. The more altcoins are produced, the less popular they are.

Altcoin trading activity on the markets is gradually reducing. Some investors believe that investment in risky assets such as altcoins is not justified in an unstable economy. Others fear that the majority of new altcoins subsequently will be scams and they will lose money.

Low liquidity coins once again dominate the top 5 movers list as exit pumps and multi-month consolidation breakouts rule the day.  

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.

Tigo CTM added Dash to the roster of currencies available for purchase and sale over its network.

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.

Bitcoin and altcoin price analysis a day before the day when the reward for Bitcoin block mining will be halved.