Veteran Alts Regain and Reverse Against Ethereum
Interesting to look at the market conditions in terms of established alt coins and Ethereum.
It's no surprise that Ethereum is heavily weighted in the crypto-markets and has had an impact on mostly
all coins that share an exchange with it. When Ethereum was added to BTC-e it was introduced
into a small, select group of well established alt coins such as LTC, PPC, and NMC. These coins have
had 4 years or more of existence in this space and perhaps have undergone the trials of true price
discovery. I believe it should be noted that the Ethereum has yet to undergo the trials and tribulations
of price discovery. It seems that there will be a "retaking" of market share from Ethereum by older alt coins
and perhaps this is the start of it.
It's no surprise that Ethereum is heavily weighted in the crypto-markets and has had an impact on mostly
all coins that share an exchange with it. When Ethereum was added to BTC-e it was introduced
into a small, select group of well established alt coins such as LTC, PPC, and NMC. These coins have
had 4 years or more of existence in this space and perhaps have undergone the trials of true price
discovery. I believe it should be noted that the Ethereum has yet to undergo the trials and tribulations
of price discovery. It seems that there will be a "retaking" of market share from Ethereum by older alt coins
and perhaps this is the start of it.