Will Next Gen Altcoins Blossom In The Next Crypto Bull Run?

The coming altcoin news today show that altcoins are retracing in the same manner as Bitcoin. For those of you not following the news, untested altcoins emerged in 2017 where retail crypto investors loaded on them, finding the equivalent of the next Bitcoin. Now, the question is: “Will next gen altcoins blossom soon?”

After the 2018 bear market, the hopes and dreams of many investors have been shattered – and the sentiment surrounding the once surface of the sun hot altcoins may never recover – even if the market does. As the latest cryptocurrency news show, the next crypto bull run will likely be driven by a new wave of emerging and unheard of altcoins which satisfy the shiny newness, hype and promise the older coins offered before.

So, will next gen altcoins be in the focus again?

No one knows for certain. However, last night, Coinbase was in the news for revealing a lineup of new altcoins that they are exploring as coins that they may potentially list in the future. The initial reaction from the cryptocurrency community was nothing but shock – mostly because of the fact that the leader in crypto neglected a lot of the altcoin projects that investors have long been hoping to see get listed.

The list included noteworthy names such as Telegram, or older crypto mainstays such as Filecoin. Still, there are some newer and unreleased tokens in the altcoin news too – including the names of Polkadot and Chia.

Coinbase continues to explore support for new digital assets: https://t.co/LdyayXWN5k

— Coinbase (@coinbase) September 19, 2019

The common thread across a lot of these altcoins is that they are from US-based businesses. Chia, for example, is a project based in San Francisco where Coinbase’s headquarters reside – led by a former BitTorrent frontman named Bram Cohen.

If you are asking yourself: Will next gen altcoins rise again – the reality is that no one knows. The coins from last year that were the most talked about or hotly traded are now dead in the water. Even though there are always gems and altcoins that managed to surge a lot, crypto is a speculative market and in it, value is driven predominantly from hype and future expectations.

Because of all these factors, it is expected that the shiny new altcoins offering promise, potential and hype will vastly outperform the older ones during the next crypto bull run.