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21 January 2020

Crypto's Forgotten Altcoins Re-Emerge: A Look at What's Happening - Bitcoin News

Crypto's Forgotten Altcoins Re-Emerge: A Look at What's Happening - Bitcoin News

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While it’s clear to see why interest in the 2000+ altcoins on the market has waned since 2018 shattered so many crypto fantasies, market activity last week indicates something new may be on the horizon for crypto’s forgotten class.

In the past week, a slight dip in BTC dominance has gotten some in the space excited about their altcoin pet projects, announcing with gusto to crypto Twitter that alt season is back.

Still, Twitter accounts like that of Crypto Seer are holding out hope:.

Financial experts and other Twitter commentators, however, are speculating that until BTC hits a new all-time high, nothing much should be expected from the legions of hopeful tokens in the shadows.

The number of coins on the market has proliferated exponentially over the past years, so sifting through the heaps obscure tokens to find a winner can be a daunting task.

Back in May, 2018, there were around 1,500 altcoins on the market.

If all the world is a crypto market, and Carl Menger’s monetary theory was correct, there will eventually be a clear winner as the top dog, used-for-almost-all-transactions money of the world.

That notwithstanding, many crypto advocates are happy to see their beloved class of tokens reemerge from the shadows a bit, and step back into the mainstream conversation.

Polarized and venomous as the space may be, there is still one thing many agree on, and that’s the fact that the broken fiat system is rapidly becoming obsolete, and a new system is on the way.

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