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The Altcoin Rally

 1 min read / 

altcoin rally

Bitcoin has reached a four-week high, leading a wider rally in the cryptocurrency world. Ethereum has gained over 80% from fresh lows of $360 just a week-and-a-half ago and is now trading at around $620. Even that impressive gain looks mediocre compared to the gains made by EOS, IOTA and Ripple: 106%, 96% and 86%, respectively. The rally follows the developments made in Ethereum’s Casper consensus protocol, the release of the Golem supercomputer beta, and easing fears of punitive cryptocurrency regulations. The market has also been lifted by the news that several family offices, including George Soros’, intend to deploy funds in the cryptocurrency space.

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