Demand

Altcoins are now in pent-up demand. The long absence of purchases and a small drop in prices, says that as soon as possible the price growth of the most popular altcoins should start again.

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.

Last week the Bitcoin price showed movement. Traders are in no hurry to sell bitcoins and are waiting for the resumption of price growth. Moreover, the unstable situation in the world economy and deferred demand for Bitcoin confirm these expectations.

In May 2016 Bitcoin’s price showed an increase of more than 18% and reached the high level of $540. This growth confirms demand for Bitcoin on the global financial market, as well as among ordinary users.