Altcoin Season... is that you?! Even STEEM is seeing some love!

By Doc | Doc | 17 Sep 2019


Shhh... don't say it too loudly though or you might scare it away!

Seemingly out of no where, altcoins are suddenly seeing some life again.

Check it out:

351665157-dbbb6a1df96a7037cf3b71eeb00ae565f55063d3ed5d65ab8b145d154e6385b9.png

(Source: https://www.coinbase.com/dashboard)

It's not anything to get too excited over just yet, considering how much they are all still down from their highs, but it is one of the first times in a long time that so many coins are significantly outperforming bitcoin (to the upside).

And that is something...

We literally haven't seen this kind of out-performance in close to a year

Keep in mind that this may just be a one-off event and not the start of a new trend, but considering how rare this has been over the past year, it is something to keep an eye on as this also may be the very first green shoots of a tide change in crypto.

Heck, even steem is participating, well sort of:

351665157-11a68a28b586e210ff8a886452828ba82abdb6877744693349e31431154c0be3.png

(Source: https://www.coinbase.com/price/steem)

Though, it is still weaker than most.

Oh well, any time steem is green at this point, I will take it!

We need to do something about this though...

By the way, that little ***note*** at the top of that screen shot is really super annoying:

***"Trading Steem is not available on Coinbase"***

Can we please do something about this sooner rather than later?!

I have contacted them numerous times personally and I am hearing others have as well. It sure would be nice to know what the hold up is there so we can remedy it if at all possible.

Anyways, not letting that ruin the mood, it is still nice to look at Coinmarketcap and see this:

351665157-bc2e578e16df2d63800d34ef6858b382d8a52d8a6bd93648d22b0c7ad47d4d90.png

(Source: https://coinmarketcap.com/)

Make sure you enjoy it because bitcoin's volatility is at 6 month lows right now and that is likely to change very shortly. Possibly as soon as within the next couple days, actually.

Especially if this has anything to do with it:

https://steemit.com/bitcoin/@jrcornel/fed-set-to-cut-rates-tomorrow-will-that-be-a-catalyst-for-bitcoin

Stay informed my friends.

-Doc

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