3 coins that prove alt season is imminent

04 Apr, 2019 | Updated: 04 Apr, 2019
by Will Heasman
News
3 coins that prove alt season is imminent

While Bitcoin continues to test $5k range, altcoins continue to follow, but there are a few making their own waves, regardless of the peaks and troughs of Bitcoin, indicating that the rest of the altcoin market may be ready to pop off... so, here are 3 coins proving that alt season is imminent. 

Alt season following a Bitcoin pump is as synonymous as summer following spring; the two often go hand in hand thanks to increased speculation, and new money flowing into BTC in order to redirect into more profitable altcoins.

This has been noted time and time again by the social circles of the crypto community, who, by and large, have been hinting at this phenomenon…  

  

So, is alt season actually starting?  

For some cryptocurrencies, it appears so, yes.

While we have the usual correlation towards the Bitcoin trend we can also see 3 distinct altcoins moving in their own right.

The first of which needs no introductions:

Dogecoin (DOGE)

Dogecoin (DOGE) has forever been the arbiter of alt season, traditionally pumping for no real reason around times of bullish action. However, this plucky coin has recently found a friend, and briefly, a CEO in Elon Musk, propelling it to new heights thanks to several endorsements from the Tesla CEO.

Currently, DOGE is citing a 24-hour increase of 19.37%, but has made a monumental rise of over 100% since it first pumped on the first of April:

Next up:

IOST

IOST is another cryptocurrency currently bucking the Bitcoin trend, carving its own path and hinting to an alt season. Currently up 18%. IOST has marked an impressive rise of 55% since its initial pump on the 1st of April. 

 

This rise marks a record high for IOST in 2019, reaching levels not seen since September last year.

According to Jimmy Zhong, founder of IOST, this latest move was catalysts thanks to investment from BlockGroup, a Chinese crypto investment firm with over $200 million under management; who were apparently impressed with IOST’s performance…

Last but not least:

Bitcoin cash (BCH):

While not a small cap cryptocurrency like the rest in the list, BCH has seen a meteoric rise over the past few days, truly forging its own way regardless of BTC. BCH is currently up 8% in the past 24 hours, but is citing over 76% gains in the past 2 days since its initial pump…

 

According to BCH’s (un)official Twitter account, there are a plethora of reasons for this rise, (other than its correlation to the #1)

This Tweetstorm included a recent tweet from Bitcoin (cash) Jesus, AKA Roger Ver, who relayed that BCH adoption around Japan and its vendors, was more widespread than BTC.

So there we have it, is alt season officially on its way? Time will tell. However, if Dogecoin and the rest of these altcoins are anything to go by then it may have already started.

Read more: These are the 3 coins to watch for April 2019 - Cryptocurrency; Traders & analysts: "Bitcoin will keep going up"; BTC to $6K soon?

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