After recent dip market up $17 billion, Altcoins finally getting traction

12 Jul, 2019
by David Borman
Price Action
After recent dip market up $17 billion, Altcoins finally getting traction

After the recent dip seen across the crypto market, today there is a lot more green popping up. In addition to this, Altcoins are seeing some modest gains over Bitcoin, which has many crossing their fingers for a true Altcoin rally.

Coin Market Capitalization/Bitcoin Dominance

At the time of this writing, total market cap is at $323,222,707,041, up a solid $17 billion over earlier today. Even though Altcooins are showing promise, Bitcoin's dominance is still strong at 65.1%.

Current price of Bitcoin: $11,860.31

BTC/USD Chart provided by Tradingview

Top 10

Looking to the market leaders, we can see that Binance Coin (BNB) is currently leading the pack with a nice 7.87% rise to $31.73, and is followed close behind by TRON, now up 5.31% to $0.0295. No top coin is in the red, but the least moved currently is Bitcoin SV (BSV) with still a 1.53% bump to $165.24.

Biggest Winners/Losers

Looking beyond the top 10, we can see some impressive gains in the market. At the top is DENT with 15.84% upside to $0.0011, followed by Ravencoin (RVN) rising 13.59% to $0.046. A few coins were still bleeding today, and worst off was Bezant (BZNT) dropping -18.01% to $0.105, and not too much better was Chain (CRO) down -11.18% to $0.0886.

With so many coins coming up faster than Bitcoin, some are hoping this is the beginning of an Altcoin rally, but Bitcoin itself seems to be rising quite fast now and may soon retake the lead from Alts. Will the market keep rising? Stick with Chepicap for all updates!

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