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Cryptocurrency News Articles
Savvy Crypto Traders Are Betting on These Altcoins — Are You Missing Out?
Sep 25, 2024 at 05:27 pm
Trading volumes for altcoins have surged, and there's been a significant shift away from Bitcoin👇
Savvy crypto traders are shifting their focus from Bitcoin to promising altcoins, and you might want to pay attention. Recent trends show that trading volumes for altcoins have surged as traders look for high-risk, high-reward opportunities amidst changing market dynamics.
Bitcoin has experienced a volatile correction since mid-March, with four lower highs, but if it breaks past $65,000, it could signal a comeback, and we might see Bitcoin return to levels over $70,000. Experts believe it could even reach new all-time highs by the end of this year!
While Bitcoin’s dominance slips, altcoins are stepping up. Many traders who used to only invest in Bitcoin are now looking at these alternative coins.
Another interesting development is that Ethereum, despite facing some challenges, is showing signs of recovery with weekly revenues hitting $21 million—the highest since June 2024!
This trend could push Ethereum’s price higher, especially as gas fees rise, indicating more network activity.
As Bitcoin fades, cryptocurrencies like Solana and other DeFi tokens are grabbing attention. Traders are now looking closely at speculative altcoins, especially after the recent positive moves since the Fed’s meeting. Here are the top picks you should keep an eye on!
Altcoins To Watch Out For
Meanwhile, Markus Thielen highlights some top altcoins that many savvy crypto traders are accumulating before the altcoin rally begins, Here Are They!!!
TAO – TAO is a decentralized finance (DeFi) app that’s currently priced at $562, showing an incredible rise of 76% in just the last week!
Ethena (ENA) – Ethena is a synthetic dollar protocol built on Ethereum. Though it’s down from its previous high of $1.49, signs of massive growth are emerging.
SEI – SEI tokens let users pay transaction fees on the Sei network. This altcoin has jumped 70% in the last week and is now trading at $0.46.
APT (Aptos) – Aptos is a Layer 1 Proof-of-Stake blockchain for validator staking and governance. It’s currently trading at $8.21, with a recent rise of 4.5% in just 24 hours.
Sui Token (SUI) – Sui is the native cryptocurrency of the Sui network. It’s one of today’s top gainers, up 12.4% in the last 24 hours!
NEAR Protocol – NEAR is a blockchain network that helps developers build decentralized applications (dApps). It has gained 30% in the past week, making it an attractive altcoin to buy.
The Graph (GRT) – The Graph is an Ethereum token that indexes and queries data from blockchains. It’s currently priced at $0.18 and has risen 2% in the last 24 hours.
Don’t miss out on these altcoins—they might just be the next big winners!
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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