Bitcoin crossed the $7,300 level in the early hours of 12 May, and it is now clear that the next crypto bull run has started. The coin’s dominance has also increased to 58.7%. Many enthusiasts believed this increase would be the death of all altcoins, but it seems Altseason has officially started. Litecoin predictions 2019 have already surpassed the earlier forecast and Bitcoin Cash SV is leading the pack. Is this really a blow off or can it be described as a lift-off?
Bitcoin (BTC) Price Today – BTC / USD
Bitcoin sees a 14% increase in just 24 hours – BTC to the Moon – BTC Price Analysis
As a top analyst, the Cryptodog predicted, bitcoin has surpassed $7k overnight in the Asian crypto market. According to Coin market cap, bitcoin is valued at $7.309 at press time. The total market cap of all cryptocurrencies also saw a $10 billion increase.
Many analysts are attributing this influx to the state of the global economy. Dark clouds currently hover around the global economy with issues in North Korea and Iran. Cryptocurrency seems like a haven for funds at the moment.
This lift-off could wane as the price travels north. The crypto space can also expect a consolidation soon despite the direction of the travel.
FOMO Starts At $10K – BTC News Today – BTC Price Prediction
When bitcoin hits $10k, FOMO can start kicking in according to Thomas Lee of Fundstrat. The CEO believes that it is a fair prediction for people who thought bitcoin was dead. Another research paper from Canaccord Genuity forecasts that bitcoin is set to return to its all-time high and even surpass it in 2021.
Altseason Kicks off Officially – Litecoin Price Prediction 2019 – Litecoin predictions 2019 – Bitcoin Cash SV
Despite bitcoin’s rise in dominance, altcoins are beginning to benefit from the rally. The top gainer in the line up is Bitcoin Cash. Its progress may be linked to the connection with bitcoin as a brand. It has seen an 18% increase and now trades at $341 at press time.
The coin saw losses for a couple of weeks and was the last to recover after other coins like Litecoin and Basic Attention Token showed promise.
Litecoin came in second in the list of top risers and this doesn’t come as a surprise. The Litecoin price prediction 2019 has always been bullish even though it traded sideways for a few weeks and failed to reach $100. Now, Litecoin has returned to its former glory to the chagrin of naysayers.
It is aiming for the $100 mark as it is valued at $89.09 according to Coin market cap at press time. It is expected to cross $100 shortly.
Cardano came in third with a 16% increase in value. At press time, Cardano is being traded at $0.073927 with the possibility of more increase in the short term.
Other Altcoins are Joining the Rally – Does this Confirm Altseason? – XRP Price Prediction – XRP Price Forecast
These three coins may have seen tremendous growth but are not alone in the upsurge. Other coins such as Ethereum and XRP in the top ten have joined. Ethereum finally broke the $200 level barrier after being stagnant for a while now. Its next hit is expected to be around the $220 level. It saw a 9% rise overall and more is expected in the short term.
XRP didn’t miss the party as well as the coin saw a 5% increase. This must come as a relief to the XRP community since the coin’s performance has been poor lately. Is it finally catching the bug as Altseason kicks off?