Tag: altcoins

With the native token of Solana facing an enormous wave of supply, the market value of the SOL token dropped to 3% this week. With escalating global tensions and the BTC price back at $65000, altcoins might see a landslide. Despite the fall, the SOL price seems poised for a rebound, with a bullish pattern showing on the charts. Will the cryptocurrency reemerge over $200 after a breakout run, or will it sink below $150 as expected?

Overall, most cryptocurrencies are having a bad weekend. Friday’s sales sparked discontent. As of this writing, Bitcoin’s price is hovering around $66,000, and altcoins are highlighted in red. Cardano (ADA) has a little more problematic situation. So, what does existing data tell us about the ADA Coin?

Dogecoin (DOGE) and Shiba Inu (SHIB) both saw strong gains in February. This increase was prompted by a Bitcoin (BTC) spike, and a market-wide rally has pushed the value of meme currencies higher. Dogecoin and Shiba Inu have reached yearly highs. Altcoin aficionados believe KangaMoon will benefit from the present bull market. The new meme coin has already garnered popularity and is aiming for 320% returns during its ongoing presale.

Major cryptocurrency currencies have shown a favourable trend during the previous 24 hours. Bitcoin (BTC), the top cryptocurrency, neared $68,000, while smaller altcoins saw huge gains. Ethereum’s price has risen beyond $3,900. Meanwhile, several top-tier cryptocurrencies, such as Solana (SOL), XRP, and Cardano (ADA), saw huge price gains.

The price of Bitcoin (BTC) dropped from its peak of $69,200 on March 5th, leaving traders who had invested in the cryptocurrency through options and futures contracts with a startling $1 billion loss. This decline in the biggest cryptocurrency also affected altcoins and caused several market changes.

Bitcoin is on the brink of reaching all-time highs, but according to analyst Miles Deutscher, retail interest in the cryptocurrency market is still notably subdued. Despite the perception that it may be too late to join the Bitcoin frenzy, Deutscher suggests that retail investors are still in the early stages of participation.

USDT dominance could close below its 200-week moving average for the first time ever, potentially signaling a shift in power from stablecoins to riskier assets like Bitcoin.

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