The post Altcoins Fear to Lose the Grip, Yet the Prospects of an AltSeason Continue to Flourish! appeared first on Coinpedia Fintech News
Altcoins have been largely following the star crypto, Bitcoin, as the money flow has always been from Bitcoin to altcoins and back to Bitcoin. In the middle of all these, some of the altcoins displayed acute strength and soared high, even if the BTC price maintained a choppy or descending trend. However, the altcoins are now feared to trigger a significant descending move, as many traders may soon be compelled to exit their positions on altcoins.
In the SEC’s fresh allegations over the world’s popular crypto exchange, Binance, and its CEO, Changepang Zhao, it has listed numerous altcoins, which, in the SEC’s view, are securities. The agency has listed altcoins like BNB, BUSD, SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, COTI, AMP, REP, UST, and TRX. This has further led to a huge drop in the majority of these altcoins.
The SEC believe
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