There have been many who expect the cryptocurrency to soar this year to fully exit the bear market that has lasted two years. However, it can be said that in the first half of 2020, cryptocurrency, in general, has brought a quite disappointing performance.
In the Blockchain Letter published in June, Pantera Capital said a price increase like the scale of 2017 is unlikely to happen again, but we are in the midst of a dragging bull market cycle. until next year.
In addition, hedge funds also provide a table comparing the growth of some leading cryptocurrencies
Currently, the value of Bitcoin has increased by 34% this year, but Ethereum has increased by 88%, while 0x and Augur have increased by 98% and 97% respectively. XRP, the fourth-largest cryptocurrency by market capitalization, is down 2% this year.
The report said that in the crypto price rising markets, they expect altcoin assets to outperform. In addition, Bitcoin's market share dominance is currently below 65% and is likely to greatly decline. This is because other cryptocurrencies have begun to gain traction
The growing interest in Bitcoin and other cryptocurrencies is due to investors' fear of central bank overprinting.
Bitcoin was created in an "opposition" to previous money printing. Bitcoin's price has increased exponentially over a 10-year period at a time when money was massively printed. What is happening in the world today can create a bigger "wave".
What is happening in the world today can create a bigger "wave".
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