🔺The market is showing mixed dynamics: BTC and ETH are slightly correcting by -1.5%, causing altcoins to move unevenly. Top and mid-level coins are moving from -4% to +5%. Only a few coins are showing strong growth: Fartcoin and CRV tokens increased by +17%, while XCN token skyrocketed by +52%.
🔺Despite yesterday's positive inflation report of 2.4% (0.1% better than expectations) + overall optimism amid a 90-day tariff pause - the S&P index (yesterday) again showed a decline of -3.4%. The market is pricing in future fears: the issue with China is unresolved, the probability of recession remains high, and the 90-day tariff respite will end in July.
🔺For more than 1.5 months, the crypto market (according to the fear index) has been in a state of fear. Against the backdrop of the continuing growth of BTC.D (now 63.3%) - top altcoins and Ethereum have lost between -60% to -80% since December 2024. However, many experts are convinced that after such a cleansing, a super-cycle for altcoins (a rise in coins over several years) is quite likely.
🔺According to a report from Santiment agency, projects such as: ICP, LINK, STRK, OP, ADA, ETH, AVAX, and DOT are leaders in developer activity over the past 30 days. Technologies and fundamental development remain at an extremely high level: we just need to wait for confirmation on price.
🔺The gas price on the Ethereum network in March reached values of: 2.71 qwei (this is 6 times lower than in December 2024). The March figure became one of the lowest since 2021. If we are not at the bottom, we are very close.👇
