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Altcoins rally as bulls pile into large-cap tokens and layer-1 projects

EOS, LTC, ETC and ETH are just a few of the altcoins that chased after new multi-year highs as layer-1 projects saw an increase in trading volume.
The cryptocurrency market provides investors with another day of ‘altseason’ as the majority of altcoins in the top 100 on CoinMarketCap rallied today. Several large-cap tokens reached multi-year highs and this all took place as Bitcoin (BTC) price struggles to hold any of the news-event-driven gains that it has accrued throughout the week. One of the most notable performances has been put on by Ethereum Classic (ETC), the “unaltered” Ethereum (ETH) fork that has been gaining traction over the past week as its dedication to a proof-of-work consensus mechanism attracts the attention of miners and retail ‘Robinhood’ investors.ETC/USDT 4-hour chart. Source: TradingViewData from Cointelegraph Markets and TradingView shows that after hitting a low at $86.12 in the early trading ho

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Źródło: https://cointelegraph.com/news/altcoins-rally-as-bulls-pile-into-large-cap-tokens-and-layer-1-projects

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