{"id":55739,"date":"2019-08-25T05:30:48","date_gmt":"2019-08-25T03:30:48","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=55739"},"modified":"2019-08-25T03:50:47","modified_gmt":"2019-08-25T01:50:47","slug":"bitcoin-bull-almost-every-single-altcoin-worthless","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/bitcoin-bull-almost-every-single-altcoin-worthless\/","title":{"rendered":"Staunch Bitcoin Bull: “Almost Every Single” Altcoin Will Be Worthless"},"content":{"rendered":"\n

R.I.P. Altcoins?<\/strong><\/h2>\n\n\n\n

Months ago, analysts across the industry were calling for an “altseason”. For those not versed in the crypto industry’s odd vernacular, these analysts were expecting for each and every altcoin to outperform the market leader, Bitcoin<\/a>. <\/p>\n\n\n\n

Unfortunately for them, their cries were not responded to. Instead of altcoins <\/a>rallying by hundreds of percent, Bitcoin surged, resulting in a Bitcoin dominance of 69% as of the time of writing this.<\/p>\n\n\n\n

To put altcoins’ dramatic underperformance into perspective, here’s some context: Bitcoin is down 50% from its all-time high, but Ethereum is down some 85%. <\/p>\n\n\n\n

It may only get worse from here for altcoins, however.<\/p>\n\n\n\n

Responding to an inquiry <\/a>about altcoins, Anthony “Pomp” Pompliano, a partner of Morgan Creek Digital, wrote that he believes “almost every single one will eventually be worthless because there will be no liquidity and they will get delisted from exchanges.” <\/p>\n\n\n\n

Pompliano didn’t mention which altcoins he expects to succeed, but his firm’s fund does include Ethereum, Litecoin, Bitcoin Cash, Monero, and some of the other usual suspects. <\/p>\n\n\n\n

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Almost every single one of them will eventually be worthless because there will be no liquidity and they will get delisted from exchanges.<\/p>— Pomp \ud83c\udf2a (@APompliano) August 24, 2019<\/a><\/blockquote>