Since the SEC had rejected the Bitcoin ETF, there is the arguement about the fork. Fork means splitting the Bitcoin blocks into two separate chains. This split is due to disagreement about the miners’ demand for a change in the original bitcoin protocol. If the fork is approved, then each original Bitcoin holder will receive coins of the two new chains: Bitcoin Core and Bitcoin Unlimited. The discussions and concerns about the future of the Bitcoin have a strong impact on the rate and attract investors to hedge their Bitcoins into Altcoins. The following graph shows the volatility of Bitcoin in recent days:
This Tweet by MadBitcoins describes the disagreement between users, miners and coders:
In the following table we can see marked in red line the decline of the ratio between the market cap of altcoins and bitcoin, and also the rising market cap of the leading altcoins, which is getting closer to the Bitcoin market cap.
Lisk: After a long continues decline trend there seems to be interest in the project, we can tell it by a sudden increase in trading volume. The resistance level is currently stabilizing at 0.00025 – 0.0003. If it breaks the targets are marked on the following graph. Entry at this level is considered very high risk.
ETH: Does not stop breaking new records. The rising number of new projects being developed on the platform keeps on growing. In addition, a sharp volume rise in the USD ETH trading market signifies external money being invested in Etherium, perhaps as a deserved alternative investment for Bitcoin.
Storj, the project, announced that they will soon be moving from Counterparty platform to Etherium. In addition, Mozilla company is developing a token on Etherium called Brave, which will be a new browser. Crowdsale will start soon.
LTC Litecoin: Litecoin is trading badly vs. Bitcoin On the other hand, in USD terms, Leitcoin maintains stability and on a rising momentum. Litecoin is known as one of the oldest alts, maintaining a high daily trading volume over years, and trading against the Chinese Yuan and USD, as well as various alts. Recently, an attempt was made to implement Segwait’s technology in Litecoin, similar to Bitcoin network’s technology. Litecoin is traded for a long time in stability around the $3.6 – $4 range. This difference in weekly and monthly trading gives an opportunity for stable trading that has been built over time. The graph shows that since 2016 we are on a slow rise and we have seen already few attempts to break the $ 5 level. Pay attention, especially during these days.
