Altcoin to Exceed Bitcoin in Gains in the Next Cryptocurrency Bubble

Altcoin to Exceed Bitcoin in Gains in the Next Cryptocurrency Bubble

Bitcoin (BTC) is now just a few hundred dollars away from reaching a new all-time high, as it continues to maintain its bullish undertone. That said, the closer the benchmark cryptocurrency gets to its $20,000 peak, the more bullish altcoins will react.

This week, BTC broke the $19,000 mark for the first time this year and now has little to no resistance before the $20,000 target. Meanwhile, altcoins have entered a strong parabolic bull run the same way Bitcoin did several weeks ago.

Over the past few weeks, Ripple (XRP) has climbed more than 200%, tripling its original value. Ethereum (ETH), Litecoin (LTC), Cardano (ADA), and several other top altcoins from the last “cryptocurrency bubble” three years ago have started forming a bubble once again.

Many investors who missed out on the recent Bitcoin rally or sold too early cannot get back in because Bitcoin has now gotten too pricey. That said, they are now trooping into altcoins, which are cheaper alternatives and have outperformed the primary crypto in the past.

Bitcoin has recorded over 150% in year-to-date growth despite how rocky this year has been for economies and corporations. However, in the past two weeks alone Ripple has recorded more than BTC’s YTD growth. Ethereum has grown by 350% YTD, and the lower you go down the market cap ladder, the larger the gains.

BTCUSD – 4-Hour Chart

Key BTC Levels to Monitor — November 25

Bitcoin appears to have entered a modest consolidation between $19,500 (its YTD high) and $18,900. We expect to see a mild dip to the $18,700, where BTC should find a decent bounce.

The next time Bitcoin likely breaks the $19,500 level will be the last time below $20,000 in the hours that follow.

Meanwhile, our key resistance levels are at $19,500, $19,800, and $20,000. While our key support levels are at $18,900, $18,700, and $18,500.

Total market capital: $566 billion

Bitcoin market capital: $350 billion

Bitcoin dominance: 61.8%

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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Author : Azeez Mustapha

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Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.