Post
Topic
Board Altcoin Discussion
Re: The ADA moved the XRP to number 5 in the cryptocurrency capitalization rankings.
by
LittleJadiel
on 09/02/2021, 06:24:18 UTC
Isn't it nice to see news coins in the top 5 ranking? It's refreshing to look at and is obviously deserving for that position. This actually ain't surprising anymore because we've also seen a significant increase in DeFi usage, as total value locked (TVL) grew from less than $1 billion in early 2020 to the current value of almost $34 billion.

But have we really arrived in the altseason? after all these pumps.

Investors who have been around since 2017 probably remember the following cycle. First, there’s BTC growth, followed by ETH growth, followed by altcoin growth. It is a pattern we seem to be going through again. Bitcoin reached all time high prices. Then, Ether followed not long after as it exploded past $1600, and now select altcoins see the hype reflected in their cryptocurrency prices - and it makes sense! as new users and institutions are most likely to get Bitcoin and Ethereum exposure before learning about altcoins. This has led to price increases across some of the popular cryptocurrencies in the market with high potential upsides.