2020 Crypto Rally: BTC + 5 Altcoins – Superorder

Disclaimer: the following information isn’t trading/investing advice. Superorder isn’t responsible for any results of your trading actions.

Finally! Nearly all major cryptocurrencies are surging, and traders expect the next all-time highs. Led by Bitcoin rally above $10,000 in February, various altcoins also showed double-digit percentage gains. Moreover, the whole market exceeded $300 billion. It seems that we’re entering the next significant bullish phase. What are the potential results? How should investors react? Let’s figure out with Superorder analysis!

As with any major cryptocurrency market change, it’s not an easy task to identify basic reasons. For instance, you can say that it’s just a giant recovery after the crypto winter. Alternatively, several factors move prices higher:

Bitcoin halving in May. It’s one of the most anticipated events. Halving will reduce miners’ rewards to 6.25 BTC per block, as well as cut coin generation rates. Historically, halvings led to significant price jumps.
Coronavirus outbreak in China. This disease is a threat to world economies. It restricts limits international trade and prevents large Chinese firms from working with partners. As a result, investors hedge risks by purchasing crypto.
Interest in CBDCs. Known as central bank digital currencies, these assets may disrupt traditional finance systems. Leading representatives from Europe, the USA, and other regions are interested in CBDCs today.

Apart from these forces, you can name the growing adoption of crypto assets by institutions, charity initiatives, and general popularity. The result is the same — rates rise while bulls outplay bears.

Which coins benefit the most from this surge? Let’s reveal them!

Published at Sat, 15 Feb 2020 14:18:54 +0000