Now the price of Altcoin is medium. If you look at it now, many people are involved with cryptocurrency. Altcoin prices may also be good in 2020 as cryptocurrency is allowed in many countries. If cryptocurrency goes legal around the world, the price of Altcoin may go up. Is it true?
For me, when all countries allow cryptocurrency or legalize cryptocurrency I think the price of all coins will increase and maybe things that can happen in 2017 will be repeated. But if I see this it is not possible, where all countries legalize cryptocurrency because we know that some countries do not accept cryptocurrency and only a few countries that accept cryptocurrency and also allow transactions using cryptocurrency.
Even they start to legalize the cryptocurrency we will witness dying coins in the market. Not all country capable to support all cryptocurrency and in fact, they will gonna support only the strong coins just like Bitcoin, Ethereum and every coin that belonged to top-performing cryptocurrencies. By the time goes by all countries have their cryptocurrency and maybe that time all of them will allow accepting cryptocurrencies. The price of an altcoin at the end of this year might be good or not because it still depends on the condition of the market and how people will support it. Although we expect the bull run still not all altcoins will end up like other altcoins who will rise.