CEX blog. IO | Does it make sense to invest in altcoins now?

Many altcoins are still trading well below their peaks, while Bitcoin has already updatedAbout why altcoins don't growin price and do not approach its historical highs, commentsYuri Mazur, Head of Data Analysis at CEX. IO Broker.

Bitcoin is still the main factor in the price dynamics in the cryptocurrency market.But unlike the 2017 growth, its current growthbased on high demand from large investors and public companies, which tend to invest their capital in the most reliable assets, and bitcoin, in my opinion, is the most reliable financial asset in the entire cryptocurrency market.Therefore, large market players among all the variety of cryptocurrency assets chose bitcoin to invest their capital.As a result, the share of bitcoin in the cryptocurrency market capitalization is above 60%, and altcoins are largely under-receivedinvestment capital compared to 2017.

There will be a whole season of altcoins - rather yes than no, because after all, the factor itselfbitcoin's new record price values are too serious to not lead to significant growthAfter all, Ethereum has already overcame $600 for 1 ETH for the first time since May 2018, which is the clearest evidence of activity in the altcoin market.

An additional incentive for the growth of altcoins may be the consolidation of bitcoin in the region of 19,000 dollars.This will mean that bitcoin has temporarily exhausted the growth potential, which may make italtcoins are more attractive to investment capital of those investors who did not have time to join the wave of bitcoin growth.

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