'Some altcoins will offer 1000x gains'

16 May, 2019
by Joeri Cant
'Some altcoins will offer 1000x gains'

History seems to repeat itself as altcoins surge following Bitcoin's upwards price movement, just as it did in 2017, which makes some analysts believe that some altcoins will offer 1000x gains.

It appears as if crypto history is set to repeat itself once again. It was December 4th, 2017, when Bitcoin’s dominance hit 60%, and within a month, that percentage had plummeted to just 35% as most of the altcoins saw a huge surge in price, leading to new all-time-highs for both the altcoins and Bitcoin.

The recent altcoin surge which followed the world's number one cryptocurrency spike, has seen the total cryptocurrency market cap reach $255 billion, which is the highest point since August 2018.

The last 7-day gains for Ethereum (57%), Ripple (43%), Bitcoin Cash (45%), Litecoin (33%) and Stellar (59%) just to name a few altcoins, are impressive to say the least, and even greater than Bitcoin's price surge of 30%.

Obviously there are enough Bitcoin maximalists out there, who continue to disregard the altcoin markets, no matter how huge its potential is and could be.

The experienced commodities trader and technician, Peter Brandt, recently took to Twitter, to call out the altcoins as 'cheap pretenders'.

'Bitcoin’s my only focus. I have no interest in altcoins', he said during a presentation at Consensus 2019, where he as well pointed out that he believes that BTC will be going to $50,000, and even all the way up to 200-300k.

Of course, others are convinced that the altcoins will deliver gains, beyond ones wildest dreams.

One crypto trader, going by the Twitter handle, Catoshi, tweeted to his almost 50K Twitter followers that he thinks that altcoins have the potential to see 1000x gains.

'I see a lot of Bitcoin maximalism on Twitter. Saying altcoins are not worth it', he said. 'Don’t fool yourself with current sentiment. There will be alts that will go 1000x.'

And most of his followers, wholeheartedly agree!

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