After a very poor start to the year, last week’s dramatic hike reminded the community of the crypto volatility. Since the very beginning, the top coins like Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and Bitcoin Cash [BCH] have been the biggest buzzes in the market.
As of now, it looks like these coins aren’t the only ones taking the whole crypto-space by storm. Several altcoins such as Verge [XVG], EOS [EOS] and OmiseGo [OMG] have joined the race. Irrespective of what the market speculators believe, it sure looks like the days of altcoins is finally here. These coins have become favorite go-to altcoins for all the investors and traders in the crypto-space mainly due to its killer whitepaper, technological advancements, new partnerships, etc.
The sudden hike in the market capital and price prove that Verge [XVG], EOS [EOS] and OmiseGo [OMG] are the biggest gainers this week. According to Price.AMBCrypto, Verge is currently trading $0.094 with a market cap of $1 billion, seen more than 45% hike in the past 7 days; EOS is currently trading at $8.31 with a market cap of $6 billion seen more than 40% hike in the past 7 days and OmiseGo is currently trading at $13.36 with a market cap of $1 billion seen more than 42% hike in the past 7 days.
Jason Francis, a cryptocurrency trader, and investor says:
“I was right on betting on the alt-coins. Not like something’s wrong with Bitcoin and Ethereum, it’s just that even these coins started off with very little value and I don’t think we should loose out on the alt-coins. They seem pretty rad as well.”
Peter K, a crypto-enthusiast says:
“It’s quite interesting how the these coins have picked up. They do seem to have a lot of potential especially Verge, the coins been through so much hustle and bustle the past few days and it has emerged victorious. If this keeps continuing, we’ll be seeing it in the top 10 very soon.”
Ashwin Raj, a cryptocurrency investor says:
“I still do doubt the credibility of these coins. If you look at it in a non-linear point of view, Satoshi created Bitcoin for the betterment of humanity, I highly doubts these coins were made for the same purpose. Now-a-days its all about how to make quick money and a lot of ICO’s are here in the market solely earn money and scam people. I’m not saying that these coins are scams, I’m just saying watch out and don’t buy anything quickly.”