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Alternative Cryptos (Altcoin) have begun to feel the winter of the digital currency while the big names start to fall below the last year price levels over the year.
The sale of Bitcoin (BTC) has shocked the Altcoin for their worst losses since Thursday, October 11, taking home the pessimistic case with Altcoin in the top 20 by market capitalization down by 3-10% and breakdown of a consolidated period of 12 days.
This led to Dash (DASH), Ether (ETH), Litecoin (LTC), Neo (NEO) and Bitcoin Cash (BCH) to show the worst results year after year, as per
CoinMarketCap data.
DASH is currently trading hands at $ 152 – a difference of $ 132 compared to $ 284 levels on October 30, 2017, while BCH traded hands at $ 472 on October 30, 2017 and is currently at $ 356 – a $ difference 117.
The ETH of 30 October 2017 was at $ 305, at the time of printing it traded at $ 230 – a difference of $ 75. LTC is down $ 6.66 and NEO is down $ 12.55.
A ride for the worst?
Things have changed completely since, in March 2018, BTC fell below a strong signal, indicating that large downward conditions have taken hold while potential investors expected to stop altogether.
The 200-Daily Moving Average (DMA) showed a total loss of main control for a second time when BTC tested its trend above $ 10,000 on March 12 of this year.
The dominance rate of BTC rose uniformly by 0.44% during the week, showing a movement from Altcoin instead of the expected November rally.
So it seems that the bears have hardened their grip on the Altcoin market, perhaps nurturing a new year instead of facing a significant rebirth, as some are hoping until they manage to overcome their goals year on year again.
