The cryptocurrency community has been buzzing recently with the news that the 2019 alt season has arrived and is turning profitable.
The crypto market has been experiencing a bottoming out season since Bitcoin support plummeted from $6,000 to its present trading rate around $4,000. This process typically sees the virtual currency establishing a solid foundation of protection and assistance at regional lows. Because most altcoins have also bottomed, they have also been drumming up strong backing in preparation of a vertical move.
ALTs vs. BTC
As the crypto charts continue to shift, the brave investors and crypto traders who have concentrated on acquiring altcoins are enjoying a nice payoff. More than 20 distinct altcoins through the crypto market saw their values doubled since the start of the year. Some of these have even increased their value by as much as eight times during the previous quarter.
The incredible gains are ample proof that the crypto market is currently in an alt season. To put things in a different perspective, several cryptocurrencies have grown more in a single quarter than most conventional assets will even in a decade of investment.
According to insider reports, the top gainers based on percentage is PCHAIN. It’s described as the first-ever “native multi-chain system in the world that supports Ethereum Virtual Machine.” Messari data revealed that PCHAIN’s investors saw an astounding gain of over 792%.
Other top performers are Basic Attention Token (BAT) and the relentless Binance Coin (BNB). The latter has almost closed a 200% run from January 1.