With Bitcoin back into the public eye and mainstream media spotlight, and its price back into the green, speculation that a bull market is starting has begun to spread across the crypto market. The bullish sentiment has also spilled into Bitcoin’s crypto brethren – such as Ethereum, Ripple, Litecoin, and more – and a full-blown altcoin season is expected by most crypto traders.
With a potentially profitable “alt season” ahead of us, investors are increasingly taking larger positions in altcoins, selling off their Bitcoin to load their bags. According to a new survey, crypto investors bags are heavily packed with altcoins in particular, which could shed some light into what transpires across the market in the coming weeks.
Poll: Nearly 50% of Crypto Trader’s Portfolio is Dominated by Altcoin Space
With crypto Twitter conversation lit up like the fourth of July talking about the promise of what an alt season can bring investors in the altcoin space for substantial returns, more and more investors are taking larger positions in Bitcoin’s competition.
According to a new poll by crypto analyst DonAlt, crypto investor’s portfolios are at this point comprised almost entirely of altcoins, rather than Bitcoin, which is generally considered the least risky digital asset aside from stablecoins.
How much of your portfolio is in altcoins?
— DonAlt (@CryptoDonAlt) June 6, 2019
The poll results reveal that nearly 50% of all crypto trader’s portfolios are comprised of “60-100%” altcoins. Altcoins are defined as any crypto asset that isn’t the original Bitcoin, including “major cap” alts such as Ethereum, Ripple, Litecoin, and more.
The Big Three: Ethereum, Ripple, and Litecoin Leading Alt Season Charge
It’s major cap altcoins like Ethereum, Ripple, and Litecoin that are driving much of the bullish sentiment in the…