❔ Will other cryptocurrencies experience a similar rally?
Bitcoin price cannot stop surging. It was able to extend the rally even during the euphoric week when positive vaccine news weighed on Gold and Silver. Bitcoin seems to be resilient and focused solely on the prospect of “fiat” money destruction. Just 4 weeks ago the price was at around $10500 and it has seen a blistering 50%+ rally since then, climbing above $16000 today.
As Bitcoin is closer and closer to 2017 highs, other cryptos lag behind. Do notice that Ethereum (well established number 2) managed to do some of the catch up but other currencies like Ripple or Dash are still grounded. The key question is – with Bitcoin already sky-high, will investors turn their attention to these somewhat forgotten currencies?
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