Altcoins rally as bulls pile into large-cap tokens and layer-one projects

We’re well and truly in the throes of “altseason” now, with Bitcoin’s dominance showing no signs of diminishing.

 

Ether delivered a stunning surge that took its price above $3,000 for the very first time, breaking new records throughout the week. On Saturday, ETH remained in uncharted territory after racing to highs of $3,800.

 

Among those celebrating ETH’s spike will be Ethereum co-founder Vitalik Buterin, who has officially become a crypto billionaire. Excitement is continuing to build ahead of a long-awaited upgrade that will overhaul the network’s gas fee structure in July.

 

ETH is in good company, too. EOS rallied by more than 100% this week following a recent protocol that increases the project’s inflation rate. Litecoin has hit a one-year high against Bitcoin, with many analysts predicting extended upside momentum. And Bitcoin Cash jumped 68% amid rumors that a looming hard fork could boost the network’s user base.

 

Even Ethereum Classic, the hard fork sparked by disagreements after a devastating 2016 hack, has pumped 130% in the past week.

 

Of course, there’s one altcoin in particular that continues to steal the show…

 

 

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