When Might Altcoins Go up in Price? LATOKEN Review

Some of the alternative coins rose in price following the new historical high of Bitcoin. When will tokens continue to move up? Let’s try to find it out in our new LATOKEN review.

After bitcoin reached a new all-time high above $ 67K, some altcoins have risen significantly. For example, the price of Ethereum for the first time in history exceeded $4.37K. It increased by 11% in two days. During the same period, the price of Solana also increased by 12%, reaching $207. Let’s try to figure out in which case the growth of alternative coins will continue and whether we should expect a new season of altcoins. Read on in our new LATOKEN review!

A standard model

The growth of most altcoins at the end of the week does not exceed the momentum of bitcoin. We can say that this fits into the standard growth model. Until a serious stagnation of the first cryptocurrency begins, it is probably not worth talking about the rapid growth of altcoins.

There is an opinion that at the moment everything says the opposite, the share of bitcoin continues to grow over the last month, so there are no prerequisites for a more intensive growth of altcoins.

Anyone expecting the rise of altcoins should follow the news and the current market trends. If the bulls reduce their influence on quotes and Bitcoin lingers in the zone up to $70,000, then we might expect a cycle of distribution of capital from Bitcoin to altcoins with a subsequent increase in their price.

General trend. LATOKEN review

After updating the historical maximum with Bitcoin, altcoins are likely to follow the main cryptocurrency in the general trend. It is also worth considering the opinion of JPMorgan analysts, who said that the rise in the price of bitcoin to $67,000 was caused not so much by the launch of the first bitcoin ETF in the United States, but by the rise in inflation.

Investors are trying to save their nest egg against the backdrop of growing global inflation, shifting to instruments with higher yields, despite the risks.

Cryptocurrencies will see strong growth as the inflationary spiral around the world continues to grow.

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About LATOKEN

LATOKEN is an international, one of the leading crypto exchanges, and also IEO launch platforms with a focus on security and useability.

LATOKEN has 1.8M accounts, including 1+ million mobile app installs with 4.5 reviews scored by 25K+ users.

Our crypto exchange is planning IPO as a top DeFi bet and is interested in VCs and partners with fintech IPOs and/or DeFi success cases on the belt.

LATOKEN is building a team to enter the USA market, upgrade to institutional-grade exchange, launch DeFi products on LACHAIN, and bring commerce and banking to blockchain technology to automate transaction processing and save many business hours per year.

The platform offers 300+ digital assets available for traders with the option to connect using RESTful or WebSocket APIs on the LATOKEN platform.

LATOKEN crypto exchange does not provide any investment, tax, legal, or accounting advice. This article is written for informational purposes only. Like other assets, cryptocurrency is subject to market risk. Please do your own research and trade with caution.

#1 cryptocurrency exchange in liquidity for new digital assets and the leading platform for compliant multi-asset tokenization. http://go.latoken.com/start