The “Dead” Altcoins of 2017 and 2018 Including ETC and DASH Resurrected Last Week
A collection of “forgotten” altcoins from 2017 and 2018 have been making huge gains in the top 100 over the past week, and no one is quite sure why. Below are some of the most relevant graphs CoinMarketCap,
For example, Ethereum Classic (ETC), which became popular around 2018, reaching a market cap of over $4.3 billion, has seen a price increase of 81.33% over the past week. ETC to a . was also named rebounding altcoin Earlier this week by U.Today, along with BCH.
Similarly, Dash (DASH), which reached a market cap of $12 billion before falling below $400 million in 2017, has seen a price increase of 34%.
The same is true for Bitcoin Cash (BCH), which previously exceeded $66 billion in market cap in 2017, and saw a price increase of nearly 24% this week.
Zcash (ZEC) and EOS, with almost the same story, have also gained more than 20% in price this week. Two weeks ago, Zcash was also part of another altcoin rally and got 15%. EOS was recently listed Second most bought cryptocurrency by whales,
Is this a sign of an impending dump?
One Reddit user, who pointed to this altcoin resurgence, suggested that it could be a sign of an impending dump.
While many of these coins are still away from their all-time highs, it still causes discussion in the community as many are still wondering whether this should be considered a good or bad sign for the crypto market.