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Are we on the verge of witnessing a massive alternate coin rally

Alternate coins or altcoins are termed as all the coins apart from Bitcoin. These coins came into existence to solve problems that were faced by Bitcoin. The cryptocurrency market, in general, has been on the rise and has continued to break resistances and form higher highs which is a strong indication of a bull run. Alternate coins however tend to follow Bitcoinu2019s trend.

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Are we on the verge of witnessing a massive alternate coin rally

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  1. Are we on the verge of witnessing a massive alternate coin rally?

  2. Alternate coins or altcoins are termed as all the coins apart from Bitcoin. These coins came into existence to solve problems that were faced by Bitcoin. The cryptocurrency market, in general, has been on the rise and has continued to break resistances and form higher highs which is a strong indication of a bull run. Alternate coins however tend to follow Bitcoin’s trend. Now that we are witnessing Bitcoin making higher moves it is just a matter of time before all the other alternate coins follow.

  3. This article will guide you with a few factors that could be the cause of us witnessing a major breakout in the alternate coin segment. We will also help you execute smarter trades and answer questions like “how do I buy cryptocurrency in Canada”.

  4. What are the indicators to a bull run in the alternate coin segment?The cryptocurrency market witnessed a slumber phase between April and July 2021. However, towards the end of July, the market seemed to have given a reversal and it hasn’t looked back since. Bitcoin and other cryptocurrencies have witnessed a major recovery from their lows which boosted the sentiment of the market and the confidence of the investors.

  5. Here are some of the parameters to look at to understand a change of trend in the market.1. Volume: The volume of the cryptocurrency markets during its slumber phase was relatively low which is why we witnessed a steep downfall and thereafter a sideways consolidation. Ever since mid-July, these volumes shot up which brought about a buying power in the market and the results are right in front of us. Bitcoin which was at $30,000 is now trading at $46,000 (50% gains in less than a month)

  6. 2.Rally in Bitcoin prices: Usually it is Bitcoin that drives the cryptocurrency market, each time we have witnessed a rise in the price of Bitcoin every other currency tends to follow the same trend and the same applies to a downfall. Currently, Bitcoin has rallied more than 50% in the last 20 days and most of the other currencies are still available at discounted prices. 3. Sentiment: This is one of the most crucial factors, whenever the market sentiment is low we witness a downfall but as soon as that starts reversing we tend to witness a rise in the market.

  7. What are some of the coins to look at and where do I get started?Some of the leading alternate coins to look at are Ethereum, Litecoin, XRP, Cardano(ADA), Bitcoin Cash. These coins are proven and have always given good returns on investment and are currently available at discounted prices from their all-time highs.

  8. If you have questions like “how to buy XRP in Canada” or “how to buy any of the top alternate coins in Canada” then all you need to do is log on to the Netcoins website and follow the instructions listed there.SOURCE CREDIT: https://netcoinscanada.wordpress.com/2021/08/13/are-we-on-the-verge-of-witnessing-a-massive-alternate-coin-rally/

  9. THANK YOU FOR WATCHING

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