Altcoin season is now official, with the highest ranked of the bunch setting a new all-time high today – much like Bitcoin did late last year. At the same time, open interest in Ethereum Futures contracts has never been higher, suggesting that the momentum, volatility, and potential upside has only just started.
Here’s a closer look at the cryptocurrency’s recent record-breaking rally compared to its last peak, and what investors can expect from here according to top industry analysts.
Bitcoin Buying Interest Spills Into Altcoins, Sends Ethereum To Record Prices
Bitcoin blasting well beyond its former record and causing widespread FOMO, has spilled into altcoins that have since grown by an even larger margin comparably.
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Related Reading | Capital Manager: Ethereum Will Double In Two Weeks Once ATH Is Broken
Last year, Ethereum outpaced Bitcoin on an ROI-basis but failed to break its former all-time high while the top cryptocurrency did. But as of the last 24 hours, it was the top altcoin’s time to shine.
A new all-time high price record was set, beating the January 2018 peak | Source: ETHUSD on TradingView.com…