Altcoins show they have their own strength outside of Bitcoin

Author: Reuben Lau

April has generally been a pretty respectable month for cryptocurrencies with the majority of them recuperating from a yearly low on the Q1 of the month.

Since the big spike in the first week of January crypto markets have fallen losing 70% of their worth over the succeeding two months. April has been the first month where a possible recoil can be measured though markets are still nowhere near their former highs.

Which gives us as a company great potential to gain from!

Total crypto market capitalization has grown steadily throughout April from a low of $244 billion to $430 billion at the end of the month. This is an increase of 76% overall though they are still 48% lower than the $830 billion peak just after New Year. Bitcoin has led the charge with gains of 40% from $6,600 to $9,300 throughout April. Market cap has scaled from $110 billion to $158 billion but BTC’s market dominance has fallen from 45% to 37% indicating that it has been a much better month for altcoins.

This is why we are so diversified in our range of coins and ICO’s. Bitcoin is demonstrating strength but others will gain and with that we will capitalise.

‘Reuben Lau’ Head trader