{"id":406229,"date":"2019-12-04T23:00:46","date_gmt":"2019-12-04T23:00:46","guid":{"rendered":"https:\/\/uniquehot.com\/?p=406229"},"modified":"2019-12-04T21:56:36","modified_gmt":"2019-12-04T21:56:36","slug":"ethereum-fractal-suggests-altcoins-could-soon-outperform-bitcoin","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-fractal-suggests-altcoins-could-soon-outperform-bitcoin\/","title":{"rendered":"Ethereum Fractal Suggests Altcoins Could Soon Outperform Bitcoin"},"content":{"rendered":"
Throughout 2019, altcoins like Ethereum<\/a>, Ripple, and others, have grossly underperformed next to Bitcoin, sans a few outliers like Chainlink, or Binance Coin, who had breakout years themselves in 2019.<\/p>\n But according to a very accurate-looking fractal on ETH\/BTC price charts, Ethereum could soon break out against Bitcoin<\/a>, helping to propel altcoins out of the gutter and back into a full-blown alt season.<\/p>\n The year of 2019 has been mostly about Bitcoin<\/a> and its safe-haven narrative driving the price of the leading cryptocurrency by market cap up 350% at its high of $14,000. At its peak, the first-ever cryptocurrency was able to reclaim as much as 70% of the all-time high price it set at the height of the crypto hype bubble.<\/p>\n Related Reading | Important Long Term Ethereum Signal Ready To Flip Bullish\u00a0<\/a><\/strong><\/em><\/p>\n During Bitcoin’s highly-publicized meteoric rise, another crypto asset, the number two cryptocurrency by market cap, Ethereum<\/a>, also reached its all-time high price of $1,400. However, throughout 2019, Ethereum was only able to regain 25% of the ground it lost during the bear market and downtrend.<\/p>\n But that may soon change, as according to a fractal<\/a> shared by one well-known crypto analyst, the ETH\/BTC trading pair price chart is exhibiting a price pattern fractal that very closely mimics a pattern that played out just before Etheruem had its first alt season, where the altcoin exploded in value against its Bitcoin ratio.<\/p>\n For the ETH heads:<\/p>\n ETH\/BTC Fractal pic.twitter.com\/BEOMnWfyUA<\/a><\/p>\n — Nunya Bizniz (@Pladizow) December 4, 2019<\/a><\/p><\/blockquote>\nETH\/BTC Trading Pair Fractal Hints at Ethereum Outperforming Bitcoin<\/h2>\n
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