Crypto Alt Season Expected, But Has Margin Trading and IEOs Captured Retail Money?

Its been a common thread throughout 2019 thus far: alt season. Crypto traders and analysts have been calling for a prolonged period where Bitcoins altcoin cousins significantly outperform the leading crypto asset, which helped propel the emerging asset class into the limelight at the end of 2017.

However, some crypto analysts speculate that the lack of an alt season occurring thus far in Bitcoins bear and bull market cycle, could be due to retail money flocking to exchanges offering margin trading, or due to the recent surge in interest surrounding initial exchange offerings (IEOs).


Bitcoin Dominance Breaks Down, Letting Alts Have Their Bull Run

Bitcoin dominance the percentage of market share the first ever crypto captures compared to the rest of the market has been growing in recent weeks as Bitcoin leaves the depths of its bear market lows in its dust.

Related Reading | Crypto Analysts Share Tips On How To Maximize Profit During Upcoming Altcoin Season

After Bitcoin broke out, altcoins diverged and bled out to new lows relative to Bitcoin. But now that altcoins have finished bottoming out, Bitcoin dominance has begun to break down, and the first glimmer of an alt season is finally here.

In the chart above, the total crypto market cap ratio against BTC appears primed for a powerful rally after painting a bottoming pattern similar to the pattern Bitcoin left on charts before skyrocketing back into a bull market.

Crypto analysts believe that if big cap alts like Ethereum, Ripple, or Litecoin continue their bullish trend larger gains arent far behind. Analysts further expect the surge in altcoins to drag Bitcoin up higher past overhead resistance and further be a catalyst for a strong crypto market bull run.


But Have IEOs and Margin Trading Diverted Retail Investment?

The capital fueling alt season has to come from somewhere, and given institutional focus on Bitcoin, the bulk of it is from retail investors hoping to find the next Bitcoin and become rich.

But the recent surge in interest around margin trading, and the emerging IEO trend may have captured much of that retail money, and it could prevent an alt season from ever getting started in the first place.

Crypto analyst Flood believes that the allure of BitMEX and IEOs have taken a share of retail money that would have otherwise been gambled on alts.

According to the analyst, traders are getting their gambling fix from margin trading platforms BitMEX, Deribit, and PrimeXBT. Even Binance recently revealed their margin trading plans, and Coinbase has expressed interest in adding the feature in the future.

Related Reading | Ravencoin, HoloChain, and Binance IEO Altcoins Expected To Skyrocket Next Bull Run

IEOs have absolutely exploded in interest, and Matic, BitTorrent Token, and the other tokens born from IEOs are among the most profitable coins of the year thus far. The returns on these early investments have been enough to capture much retail interest, and it could be part of why weve yet to see an alt season kick off in 2019.

The post Crypto Alt Season Expected, But Has Margin Trading and IEOs Captured Retail Money? appeared first on NewsBTC.

07.06.2019 / 13:30 18
Litecoin Leads The Way: Does LTC/BTC Price Chart Hint at Bitcoin Correction Target? Litecoin Leads The Way: Does LTC/BTC
Throughout 2019, the entire crypto market has been led by the silver to Bitcoin being digital gold, Litecoin. The crypto assets halving is in less
Crypto Analysts Share Tips On How To Maximize Profit During Upcoming Altcoin Season Crypto Analysts Share Tips On How To
Now that Bitcoin has begun to cool off from its bullish rally from yearly bear market lows, as the price of the leading cryptocurrency stabilizes and
Crypto Conundrum: Bullish Bitcoin Price Action Halts Altcoin Season In Its Tracks Crypto Conundrum: Bullish Bitcoin Price
Overnight last night, Bitcoin price made another strong bullish advance through resistance at $5,400, following a massive crypto rally earlier in the
Altcoin Trader: Alt Market Cap Shows Longest Accumulation Phase Yet Altcoin Trader: Alt Market Cap Shows
Over the last few months, crypto traders and analysts have been ranting and raving about an apparent alt season, that saw the price of many altcoins
Alt Season Resumes as Bitcoin Price Continues Upward Climb Toward $6,000 Alt Season Resumes as Bitcoin Price
Crypto bulls have been dominating the price action as of late, with many altcoins posting 100% or more gains since they reached their bear market
Altcoin Season Is Here, But Whats That Mean for Bitcoin (BTC) Dominance? Altcoin Season Is Here, But Whats That
Over the last couple of weeks, bullish sentiment has returned to the crypto market. However, its not Bitcoin (BTC) that is causing the stir, its the
Comments (0)
Add a comment
Comment on