According to established community trader Peter Brandt, Ether saw a significant breakout for its ETH-BTC pair on Thursday, July 9, which could be indicative of a “new altcoin season.”
Alternative cryptocurrencies have done well in recent weeks, not counting TikTok's Dogecoin frenzy, which will most likely end up in a huge bust.
Other established altcoins, such as ADA, COMP, KNC and LINK have seen seeing gains against the U.S. dollar, as well as the most established cryptocurrencies like bitcoin and Ether. Does this mean that altcoins are back in fashion for another upward growth cycle?
Traders are right to see any development involving Ethereum as mostly positive, with it hosting several tokens on its blockchain, including the likes of FunFair Technologies’ FUN (ERC-20) token.
Ethereum has also been immensely popular in the crypto gaming sector. CGN has put together a comprehensive list of the most trusted casinos that accept ETH as a viable currency. Among the operators to support Ethereum gambling are trusted brands as Bitcasino.io, FortuneJack, and 1xBit.
Altcoins have been an interesting choice for the crypto gambling market, too. Cloudbet recently introduced USDT as a reliable and stable alternative to other currencies, while Ethereum dapps have seen their own gambling niche develop rapidly.