Bitcoin (BTC) continued to soar and yesterday, Satoshi Nakamoto's assets managed to break through $ 19,000 bringing good news for BTC investors.
Following this surge, analysts speculated a possible probability of Ripple (XRP), Ethereum (ETH) assets and some major altcoins as Bitcoin approaches $ 20,000.
Bitcoin's breakout of $ 19,000 also showed some resistance on it before the all-time high was set.
According to analysts, as the BTC market capitalization nears its peak, most altcoins start to soar and become parabolic just like Bitcoin over the past few weeks.
As Ripple jumped over 200%, bringing its value tripled. While Ethereum, Litecoin (LTC), Cardano (ADA) and some major altcoins since the last bubble, will again bubble.
Currently investors are more comfortable focusing on investing in cheap altcoins that once outperformed BTC.
Like Ripple made higher profits in two weeks compared to Bitcoin which is only 150% year-to-date (YTD). Ethereum jumped 350% YTD, with other altcoins also showing a surge.
Based on past market cycles, it is not impossible that the latest crypto market cycle is now underway. Analysts expect that after Bitcoin reaches a new peak, altcoin market capitalization will begin and BTC dominance will immediately disappear.
This will result in extraordinary profits as these non-liquid assets soar.
