Bitcoin experienced a massive price drop after reaching its highest level in history. With this decline, many altcoins also lost value. However, new data points to a possible rally for altcoins.

Ethereum (ETH) increased by more than 3 percent in the last 24 hours and traded at $ 3,810.42. According to Glassnode data, ETH's network value/transactions ratio has decreased, which means the price may increase.

Signs of Ascension in Solana

Solana (SOL) also started to rise with a small increase and started trading at $130.58. Indicators show that SOL is gaining bullish momentum, increasing its chances for an altcoin rally.

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