Cryptocurrency War: Ignore Bitcoin, Altcoins are the Way to Go!Posted by McCullough Lacroix on June 15th, 2021 
The discussion about Bitcoin is quite well-known but at the same time, it seems like only a handful of people are actually experts. From its ridiculous value to how Elon Musk affects its prices through a single tweet, Bitcoin has become a sort divisive poster child. It was not just Bitcoin that was affected by Musk’s words, the likes of dogecoin and ethereum also saw drastic changes in prices just because of a single tweet. However, the fate of Bitcoin and other cryptocurrencies changed in a blink of an eye. Now you might be thinking, what is up with cryptocurrencies now? Should you put your investments in it?
For a few weeks now, Bitcoin has been experiencing a very bullish momentum; which of course, worried those who are holding theirs still. Bitcoin’s price remained at ,000 and has not yet gone above the ,000 threshold. The good thing is that there is at least a light at the end of the crypto tunnel. There is a decline in Bitcoin deposits and an increase in Bitcoin accumulation which means that a lot of people have already halted selling.
cryptocurrency prices is seeing some steady movement after a few months of volatility. Apart from Bitcoins, a couple of altcoins are actually getting a good head start.
On the other hand, let us talk about altcoins. And why have we only been talking about Bitcoin? Altcoins are exactly what you think they are. If it is not Bitcoin, it is an altcoin. The likes of dogecoin, Fluity, and Binance are all well-known altcoins. Right now, an altcoin that is in a really good place is Polygon’s MATIC. MATIC is in a pretty good place with its 1.4% price increase. This is because Polygon announced the launch of its SDK Stack that will allow developers to implement their own Ethereum-connected blockchains. From .51, it is enjoying a high of .44. For some analysts though, this stability has been a long time coming. According to VORTECS, an analytics and algorithmic data comparison site, MATIC has actually been green for a couple of weeks now. It also even registered a high of 94 and a 50% increase in price in consecutive days.
Apart from MATIC, other altcoins that are also soaring are Skale Network with an 89% gain, Enjin Coin with a 67% rally, and Origin Protocol that also gained 53%. Even though Bitcoin is still comfortably sitting on the top, it is best to explore your options with altcoins.
The question now remains, should you invest in cryptocurrencies now? Well, the answer to that is, it really depends. Cryptocurrency investment is definitely not for the faint of heart so we suggest excessive studying before anything else. We cannot deny the fact that venturing in cryptocurrency right at this moment can potentially make or break your life.
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