Crypto markets have turned green today and yet again it is bitcoin leading the rally. For the past couple of years, altcoins have been battered at the expense of their big brother and they are showing no signs of recovering just yet either.
Altcoins Apathetic, Bitcoin Still King
The past two years have been pretty miserable for anyone holding altcoins. The majority of them are still 80 to 90% down from their all-time highs and recovery looks a long way off, if it will happen at all.
Only a fraction of them made and held gains in 2019 and all of them crashed by epic proportions the previous year following explosive growth in 2017. So why hasn’t this been repeated?
LongHash has been looking into possible reasons for this and one is that people generally trust bitcoin more. It has been around the longest, has way more media coverage…
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