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Why the surge in alt coins around December 11th?

  • 01-01-2018 06:58PM
    #1
    RunUterRun
    Registered Users, Registered Users 2 Posts: 7 ✭


    Hi,

    I'm a noob to crypto so forgive me if this is a stupid question. (I've been getting into it over the last 2 weeks and invested in a few coins a week and a half ago.)

    One thing I noticed with many of the alt coins I've been researching (Cardano, Raiblocks, Ripple, Stellar Lumens, Verge) is that many of them started to noticeably increase in value around December 11th ish.

    Does anyone know the reason for this or have any theories?

    I looked at the Bitcoin charts around that date. It was on its climb at the time and I guess there was a lot of media coverage for weeks about that. But it had been increasing like that since a month beforehand.


Comments

  • #2
    grindle
    Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    RunUterRun wrote: »
    Does anyone know the reason for this or have any theories?

    It's just people on-boarding to crypto and buying whatever's being shilled at the time.

    No other reasoning behind it as ADA and XVG show.


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