Ethereum
$176.15 0.96%
ETH · 54w

Altcoins Have More Prospects Than Bitcoin, Experts Say

Jul 04, 2017 at 13:45 // News

The recent rally of the Bitcoin price to $3,000 paused with inevitable corrections that led cryptocurrency experts to again speak about the possibility that other cryptocurrencies, or altcoins, will soon take the lead on the digital currency markets.

Most top altcoins were following their ‘big brother’ and rose in price in May and June 2017. Moreover, in May, almost all the most popular cryptocurrencies have shown unbelievable market capitalization growth.

Coinidol.com contacted Blockchain and cryptocurrency market experts for their opinions on the possible future of the industry. Some of them noted that, although Bitcoin holds the major part of the whole cryptocurrency market cap, other coins seems to have very good prospects. Some of them may even overreach the results of their ‘big brother’ and take first place as the most popular, secure and fast growing coin.

Ethereum breathes at Bitcoin’s back

Right now, the main competitor to the world’s largest cryptocurrency Bitcoin is Ethereum (ETH). When Bitcoin goes down, Ethereum holds on or even rises in price.

While on June 11 Bitcoin’s price fell down and took the other altcoins into the stage of price corrections, Ethereum managed to hold on and continued growing.

Some cryptocurrency experts are placing bets on Ethereum taking the lead soon.

Sam Cole, Blockchain consultant at Seao company in Sweden, and former Co-Founder and CEO of KnC Group, a builder of the blockchain KnCminer, commented to Coinidol.com: 

“Bitcoin is being outpaced by others such as ETH which still have space for growth. So while BTC is in first position if nothing changes I predict it will go the way of MySpace and b...

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