{"id":415380,"date":"2020-02-20T17:00:17","date_gmt":"2020-02-20T17:00:17","guid":{"rendered":"https:\/\/www.wncen.com\/?p=415380"},"modified":"2020-02-20T16:16:07","modified_gmt":"2020-02-20T16:16:07","slug":"past-crypto-cycle-altcoin-bitcoin","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/past-crypto-cycle-altcoin-bitcoin\/","title":{"rendered":"Past Crypto Cycle Highlights Altcoin Underperformance, But Perfect Storm is Coming"},"content":{"rendered":"

Although altcoins have vastly outperformed Bitcoin in recent weeks<\/a>, the asset class is still trailing far behind the first-ever crypto asset when compared to past cycles.<\/span><\/p>\n

And if history repeats, Bitcoin<\/a> is likely to trade sideways over the next few months, making for the perfect environment for altcoins to shine and steal the limelight once again.<\/span><\/p>\n

Altcoins Extremely Undervalued Compared To Previous Crypto Market Cycle<\/h2>\n
Despite 11 years in existence, cryptocurrencies are still a relatively young financial asset class.<\/span><\/p>\n
Even with such a small sample size to analyze, top crypto analysts often look to past crypto market cycles to attempt to make sense of current price action taking place across Bitcoin and altcoins.<\/span><\/p>\n
Related Reading | Altcoins Break Out Against Bitcoin After Six Months Of Sideways\u00a0<\/a><\/strong><\/em><\/p>\n
After a historic rally kicking off the new year, resulting in the leading cryptocurrency by market cap growing by over 40% year to date, and its altcoin cousins outperforming BTC by a large margin, it\u2019s clear a new bull market is near<\/a>.<\/span><\/p>\n
However, past cycles suggest that altcoins are severely undervalued against Bitcoin<\/a> compared to historical performance.<\/span><\/p>\n
When comparing past cycles, altcoin dominance was far higher than current levels when compared against Bitcoin price models within the same timeframe.<\/span><\/p>\n
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during that 3-4 months (100-130 days) long period in 2016 the shitcoin dominance% has doubled (altszn) <\/p>\n
2nd pic: the current make-believe triangle is ongoing for over 8 months now, shitcoins only have started growing their dominance % somewhat (26% only) the past 40-50 days pic.twitter.com\/tCKGSNJeXl<\/a><\/p>\n
— smolting (wassie, verse) (@inversebrah) February 20, 2020<\/a><\/p><\/blockquote>\n