Cryptocurrency: New Trends and Investment Opportunities
Recently, Bitcoin has shone, but altcoins are also starting to mount a strong comeback. Bitcoin’s dominance has fallen to 62%, indicating a shift towards altcoins. Ethereum has risen 10% daily and 50% weekly, leading many investors to wonder if we are entering a comprehensive altcoin season. XRP, BNB, ADA, DOGE, and Solana all increased between 2% and 8% in the past day. The Crypto Fear and Greed Index remains positive at 74, indicating short-term optimism.
Preparing for the Adjustment?
Altcoin Buzz has discussed Bitcoin's rise from $74,500 to below $106,000 in the past 5 weeks. However, a healthy correction may come, which is often seen after strong rallies. Analysts believe this drop is a buying opportunity, with potential declines to $98,000 or $102,000 before a recovery. But if Bitcoin continues to rise, the next correction could be deeper. Currently, Bitcoin is trading around $103,743.
Investing in Altcoins: Notable Opportunities
First is XRP, which has risen after its victory against the SEC. Currently priced at $2.49, it is still below its peak of $3.40, creating a good investment opportunity. Next is Cardano, which has stood out in the past 90 days and is integrating with Bitcoin through the Midnight project, promising to attract millions of new users. Currently, ADA is priced at $0.79, far from its peak of $3.90, making it an ideal entry point. Hedera (HBAR) is at $0.20, significantly lower than its peak of $0.57. Quant (QNT) is priced at $95, down from its peak of $427. With the market adjusting, this could be a strong investment opportunity for the next price surge.
The Consolidation of Bitcoin and Altcoin Potential
According to experts, Bitcoin is in a consolidation phase before breaking through its all-time high. Altcoins are showing strong breakout movements. Ethereum, XRP, and ADA are all sending strong technical signals for a potential altcoin growth spurt. Ethereum's moving averages are converging, XRP is heading for a breakout, and the ADA/BTC pair is showing optimistic signs, all indicating an imminent explosion.
Source: https://tintucbitcoin.com/thi-truong-bitcoin-dieu-chinh-altcoin-nao-nen-mua/
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