is up 28% compared to Bitcoin’s 3.5% over the last seven days. The price of one Ethereum token now sits just
slightly below $1,800 Canadian
. Just to put into perspective how much value Ethereum has gained over the last several months, the project has doubled in value in just the last 30 days, rising 111%. Just 90 days ago you could have had an Ethereum token for around $500 Canadian. That means ETH investors are now up more than 300% since that time.
If the last two weeks weren’t an indication that it’s now altcoin season, looks like the time is finally here.
What is Altcoin Season?
is really just a general belief about when a monsoon of bullish moves by altcoins will strike the retail and institutional investing markets. The phrase was coined during the altcoin runup that occurred throughout 2016 and 2017.
Ethereum stood at the forefront of that very first altcoin season. It was thanks to the boom of initial coin offerings that occurred at the time. While there were some competing altcoin projects raising significant capital via investors back then, Ethereum reigned supreme, and it still does today.
Is this actually the beginning of altcoin season? It’s hard to say. Yes, altcoins might just be beginning to go on a bit of a bull run. At the same time, Bitcoin does tend to be the rising tide that raises all boats. Still, even if you’re not the most confident in chasing altcoins, it's only logical that the most valuable ones like Ethereum and Polkadot, are going to mimic Bitcoin to some degree and eventually catch up in price or maybe even surpass Bitcoin someday.
How to Invest in Ethereum Tokens in Canada
Netcoins
is the best way to invest in Ethereum tokens in Canada. It’s a cryptocurrency exchange in Vancouver and one of the most trusted in the industry. Convert existing cryptocurrency or Canadian dollars into Ethereum tokens with just a click of a button. Register for a free account today and start learning from experience how you can benefit from the next altcoin season. It’s likely only just beginning.
Thanks for reading. For more blogs on all things in Bitcoin, you can read more here.
Written by: Jack Choros
Writer, content marketing at Netcoins.
The information provided in the blog posts on this platform is for educational purposes only. It is not intended to be financial advice or a recommendation to buy, sell, or hold any cryptocurrency. Always do your own research and consult with a professional financial advisor before making any investment decisions. Cryptocurrency investments carry a high degree of risk, including the risk of total loss. The blog posts on this platform are not investment advice and do not guarantee any returns. Any action you take based on the information on our platform is strictly at your own risk. The content of our blog posts reflects the authors’ opinions based on their personal experiences and research. However, the rapidly changing and volatile nature of the cryptocurrency market means that the information and opinions presented may quickly become outdated or irrelevant. Always verify the current state of the market before making any decisions.
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