Leading Altcoins Still Sluggish: Bitcoin’s Dominance Despite Failing $6,000 for Now
Looking just at the weekly graph of performance for the crypto-verse against the US Dollar, we can see a good seven-days with the weekend closing a speedy return above major points for many altcoins following the crypto pioneer. Ripple’s XRP, TRON TRX or IOTA (MIOTA) have stepped up and woken up from their slow movement attempting to keep up with ETH or BTC.
While the charts are looking very similar for all coins, Bitcoin without a doubt is truly leading the pack as it is, in a longer time period than a week, the only with a notable recovery activity. Its monthly long performance chart compared to the second-in following is completely in contrary to their direction of movement. The pair BTC/USd started the month of April with a strong $5000.00 note which marks almost 20.00% increase to this day.
Despite that BTC was not able to clear the $5,800 ark and target the important $6,000.00 on the fourth of May (05/04/2019) its upward movement is clear for the last 30-day trend.
ETH hands changing with USD for the month of April:
Ethereum (ETH) is a smart contract platform that enables developers to build decentralized applications (dapps) conceptualized by Vitalik Buterin in 2013. ETH is the native currency for the Ethereum platform and also works as the transaction fees to miners on the Ethereum network.