Since early December 2020, Bitcoin (BTC) and Ethereum (ETH) have been the focus of the crypto industry due to higher price movements.
Indirectly, the phenomenon also ‘attracts’ some other crypto assets; usually altcoins and DeFi tokens to also move positively with their respective all-time high records.
However, the situation is significantly different with Ripple (XRP) and Block.one (EOS).
Since 1 December 2020, when XRP recorded a decline of 54.6%, EOS also did not lag behind with a decline rate of 7.5%.
Please note, what complicated the XRP situation at the time was that Ripple had to face a lawsuit from the Securities and Exchanges Commission (SEC), resulting in increased sales and restrictions on XRP trading on most exchanges.
Meanwhile, Block.one has continued to be gloomy without any development or product development since the resignation of CTO, Dan Larier in early January this year.
As a result, EOS continues to decline. Based on a record high in February 2020 of $ 5.40, EOS declined 50% and since the all-time high in April 2018, $ 22.89, this asset recorded a decline of 87%.
Are altseasons still relevant for both cryptocurrencies?
Apparently, no.
Polkadot (DOT), Binance Coin (BNB), Chainlink (LINK), Cardano (ADA), Decred (DCR) and Dogecoin (DOGE) may be the main concern of investors after this by the next altseasons!
