Old School Altcoins Can’t Stop Popping

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Viacoin. Groestlcoin. Steem. Enjin. Civic. Long forgotten altcoins and dormant shitcoins have been having a fun week. Left, right, and center altcoins have been popping off, producing 100%+ gains for those fortunate to have been holding a bag. The question on many traders minds is whether these movements are isolated events or evidence of something greater on the horizon. Could this signal the imminent return of alt season? Also read: Ledger Reveals Physical Exploits Against Trezor Hardware Wallets Altcoins Keep Popping Off Like Champagne Corks Trading volume remains muted and BTC is still stagnant, but in other respects, 2019’s cryptocurrency market has escaped the barren wilderness that closed out the previous year. Across the cryptosphere, there have been green shoots of growth, and in some cases those shoots have become beanstalks and ascended to the heavens overnight. On March 11, viacoin (VIA), which has languished in the crypto doldrums for months, went stratospheric, rising by over 80% in just a couple of hours. Viacoin shot up on March 11. A couple of days earlier, it was another altcoin with a Dutch connection, groestlcoin (GRS), that embarked on a moon mission, shooting up by over 200%. While movements of this magnitude have not been mirrored across the board, they are by no means isolated cases. In recent weeks, traders have become accustomed to awakening to news of another random altcoin doing a 2x. Notable examples include cosmo (up 471% for the year to date), enjin coin (318%), inocoin (343%), metadium (301%)…
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