Altcoins Are Outperforming Bitcoin; the Rally Will Intensify, Analyst Say

21 Mar

Altcoins Are Outperforming Bitcoin; the Rally Will Intensify, Analyst Say

Source: Crypto News
Altcoins Are Outperforming Bitcoin; the Rally Will Intensify, Analyst Say

Altcoins rallying

Cryptocurrencies are rebounding at a robust pace since last Sunday when the total market capitalization hit $270 billion. Bitcoin price rose more than 22% during the previous two days; BTC price currently stands at the highest level in the last seven days.

Altcoins are rallying on positive comments from regulators during the G20 summit. The majority of altcoins posted high double-digit growth in the last two consecutive days, and the trend seems to be extending, Tom Lee says.   

Although Tom Lee believes altcoins needs to do more work, he thinks the bearish trend is …

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