Bitcoin Cash, Ripple, Litecoin and Monero with better short-term projections than Bitcoin
- Altcoins riding big bullish moves while King Bitcoin rests on the sidelines
- BCH/USD up a full 100% over BTC/USD in just three trading days
Money flow looking to make more profits in the Altcoins
BitcoinCash, Ripple, Monero and, in a smaller role, also Litecoin, have been the Crypto stars of the week. Despite the technical problems of CoinBase and GDax, BitcoinCash claims his spot as one of the top performers in the Cryptocurrencies world.
Monero presents a more quiet but steady price action, that has set it as the second-best performer this week among main Cryptocurrencies. Ripple, after trailing these bullish moves, has awakened today with a strong 30% surge.
Cryptocurrencies 1H chart
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Bitcoin seems to be benefiting from the current bullish ride across the Crypto board. The main Cryptocurrency experience a pretty positive day yesterday despite its non-favorable technical setup.
But let's broaden the current frame: since early December, the Altcoin setting the pace up is Litecoin, followed by Ripple and Monero. It's not like Bitcoin has not performed well during this period, but its 80% rise looks paltry compared to the 300% surge of the LTC/USD.
Cryptocurrencies 4H chart
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BTC/USD keeps its crown
Despite the ballistic trajectory in most of the Altcoins, Bitcoin remains the king. Its capitalization, participants, industry attention and pedigree make Bitcoin the most desired asset for any investor looking to get into the Cryptocurrency market. Expect its momentum to come back, when it does, Bitcoin will turn its engines back on and will demonstrate why it still remains the King.
Author
Tomas Salles
FXStreet
Tomàs Sallés was born in Barcelona in 1972, he is a certified technical analyst after having completing specialized courses in Spain and Switzerland.
