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The Altcoins Pattern – Will The History Repeat This Year?

· 30 May 2018 in Cryptocurrency News, Home
Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

Everyone is still waiting for the next altcoins bull run. At first, people thought the new altcoin season will start in March, then in April and we’re in May and it didn’t started yet. Will June be any different? Depends if the pattern will repeat.

Is that possible that every June, during odd years, cryptocurrencies tend to grow compared to Bitcoin? Well, apparently this is what we have been experiencing in 2013, 2015, and 2017 but what about 2018?

Can Altcoins Surge in June?

There are more than 1,600 cryptocurrencies in the market, and it is sometimes difficult to distinguish which of them will be able to grow in the future. Some ICOs had registered important returns, while others couldn’t even launch a product to the market or list their tokens in different exchanges.

But we can have a look at the charts and see that during June in 2013, 2015 and 2017 altcoins had very good months and registered important gains compared to Bitcoin. For example, in 2013, Litecoin Namecoin and Peercoin registered substantial weekly gains 51%, 44% and 12% respectively.

At the same time, Bitcoin operated positively, but with smaller gains than the other coins. Of course, other virtual currencies during the same month lost important part of their market. We can mention Terracoin (-17%) or CHNCoin (-42,52%).

In 2014, this pattern did not seem to have effect. Indeed, Bitcoin was one of the few currencies that maintained its value almost unchanged (-0,4%). Litecoin lost 7%, Nxt 14% and Dogecoin 21%.

In 2015, altcoins were able to experience an important surge again. With new virtual currencies operating, the numbers were the following: Ripple gained 34%, Litecoin 56%, Doge 26%, and BitShares almost 16%. At the same time, Bitcoin remained stable, with 4,64% gains compared to the other currencies.

For the same period in 2016, the results were mixed. Bitcoin lost 13%, Ethereum increased its price 15% and other currencies like NEM registered impressive gains (72%). At the same time Litecoin operated 24% down as well as Dogecoin with 11% loses.

Later in 2017, Ethereum grew 11%, Litecoin 49%, And Ethereum Classic 18%. For Bitcoin, the numbers were not good, it lost 9%.

What Altcoins Can Grow in June?

What can happen in 2018? There are some interesting mainnet launches, including Tron (TRX) and EOS (EOS), which could help altcoins expand during this month and break this weird pattern. At the same time, it will be important to follow how Bitcoin will react to it and if it will start growing or not.

Tron may surprise more than one investor if everything goes well, but at the moment, the community is getting prepared for the mainnet launch. EOS is another story, at the beginning of June should be launched its mainnet, but an important technological firm in China discovered some security issues that may complicate the things.

It is also important to mark that Bitcoin market share has substantially reduced during the last years. In June 2017, for example, Ethereum reached 31% of the total market value, and Bitcoin touched a low point of 39%. Since then, Altcoins have been increasing their participation in the market. At the end of 2017, they accounted the second highest market share after Bitcoin.

Some days ago, we wrote about the mysterious ‘6th pattern’ that shows that, since the beginning of the year, the 6th day of each month, Bitcoin had a trend reversal. This month, we could see Bitcoin price start to grow again.

Most of the cryptocurrencies with a major potential can be found on Binance Exchange.

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