If anyone is wondering, to what extent XRP will continue to plummet and whether these Ripple assets will bounce back after being sued by the Securities and Exchange Securities (SEC), this is the answer.
Bitcoin (BTC) is currently trading above $ 29,000 and the altcoin season is expected to take place in the near future.
In the history of the crypto market cycle, when Bitcoin is bullish with a record high above its peak since 2013, this will also lead to a surge in altcoins.
In 2017, Satoshi Nakamoto’s assets increased completely parabolic and came to the attention of many with prices making new heights of up to $ 19,800. Again, altcoin season made Ethereum (ETH) jump over $ 1,400 and XRP recorded a value of over $ 3 per coin.
In contrast, by 2020, investors' full attention to BTC caused altcoins (excluding ETH and DeFi) to appear to have been ignored.
This trend is not expected to last long because when the altcoin season returns, investors known as @livercoin via Twitter tweet explained that XRP has the potential to bounce back and it is quite impossible to go to zero value as expected by some parties.
However, the dominance of Bitcoin today raises the assumption among some analysts that the altcoin season will not happen, making XRP and other currencies continue to be marginalized by the Bitcoin surge.
At the time of writing, the price of one Bitcoin has reached a high of $ 29,300.
