How Each and Every Top Cryptocurrency has Reacted to the Bitcoin’s Explosive Price Rally to the North
Bitcoin is the locomotive of some train, with multiple bogies (altcoins) tied to its back. As a result, wherever it goes, the altcoins follow.
Litecoin
Most-traded cryptocurrency to Bitcoin is Litecoin. The
silver-unit was previously subjected to too much criticism, as it value
was faltering rapidly due to low demand, manipulation from the miners’
end, and increasing competition. When Bitcoin bullish rally began to appear,
Litecoin prices also advanced north and rose from $3.65 to the current
$4.05. It is almost 18%.
Dogecoin
This cryptocurrency is less about market caps and values and
more about community strength. Even then, it had its shares of downfalls
in past. Like Litecoin, its market has also suffered a range of issues
like increasing mining difficulty, low hashrates, less merchant demand,
etc. But in last few days, the meme-based cryptocurrency displayed a
vast improvement after following the Bitcoin market’s optimism.
Peercoin
Peercoin currently holds a
substantial community for being among the only cryptocurrency having a
steady and long-term sustainability. However in terms of market cap and
value, this PoS coin is facing competitions from the new, feature-rich
altcoins. But in last few days, the coin is slowly adopting the current
optimism in the market, initiated after the Bitcoin upward rally.
Darkcoin
Darkcoin is still unable to adopt the
current market’s optimism It might be because of an ongoing patchwork in
its Darksend platform, due to which the obfuscation service is
unavailable to its users. Outside the Darkcoin community, investors
without an adequate knowledge of Darkcoin may be just waiting for this
patchwork to finish before making any trades.
