BTC, IOTA, ETC, XMR, ADA, MONA All-time Highs: Possible Reasons

Currently we are experiencing an incredibly strong bullish market that seems to know almost no limits. Bitcoin, Monero, Ethereum and Ethereum Classic write a new all-time high almost daily, which in our opinion is far from the end of the line. Although Bitcoin is rising, the Altcoins do not bleed, but attract new investors.

Market capitalization exceeded the $ 300 billion mark for the first time and trading volume was more than 13 billion times higher than ever. The Bitcoin dominance has only slightly increased, so that a total of new fresh capital (fiat money) flowed into the crypto market which was pumped not only in the Bitcoin.

Normally, there is always a fall in price among the Altcoins, when all investors withdraw their capital and then invest in Bitcoin. This time it seems different: a very positive sign and an indication that the rally could go on.

IOTA reached an all-time high of € 0.89 which it had already climbed on 17.12.2017 at 02:00 clock. The short-term correction to 0.65 € seems to have been overcome and the signs are also positive. If IOTA can overcome this psychologically important threshold, it could very quickly go up further.

Ethereum Classic was down a bit lately and there was not much in the media to hear. Since November 23, a large amount of capital from South Korea flows into the coin which leads to a new all-time high of € 24.87. It remains to be seen whether this increase will be sustainable and of a healthy nature - we remain skeptical for the time being.

The Monero Coin, which belongs to the "Privacy Coins" (as well as Dash and ZCash), started his rally on 05.11.2017 at a price of € 74.71 and was able to double his value to now more € 157.09. In our estimation, this increase is not due to a market manipulation or a pump, but to the possibility to carry out completely anonymous transactions with this virtual currency.

The Ada Coin (Cardano) also showed a strong rally and almost doubled its value from just € 0.023 to € 0.045 within just 5 days (23.11.2017 - today). The trend looks positive and the rally still seems unbroken. We are curious whether it continues to go up steeply or whether a hefty price correction follows.

A coin that has slipped into the top 30 by a rapid increase in price, is the so-called Mona Coin. This coin is the first Japanese cryptocurrency that finds great adaptation especially in the Japanese community. Japan is thus very innovative in the field of cryptocurrency. Not least, the headline makes the round Japan recognizes the Bitcoin as an official means of payment.

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