Connect with us

Altcoins

Eight altcoins bounce more than 10% as volatility swings the market

TokenTalk Staff

Published

on

Eight altcoins rally 10+% as volatility swings market

Cryptocurrencies surged on Monday in total market capitalization and 24-hour trading volume, delivering a price boon to several altcoins.

CoinMarketCap data showed a 55% increase in daily trading volumes coinciding with a 5% increase in the total crypto market cap, putting the entire market above a $2.5 trillion valuation. The move follows an increase in demand for spot Bitcoin last week (BTC) ETF, which triggered a rise in BTC of over 11% last week and reached a price of $69,900.

BTC Weekly Price Chart | Source: CoinMarketCap

Altcoins tend to outperform Bitcoin in terms of percentage gains because these tokens have a smaller market capitalization and are more affected by volatility. Thus, eight altcoins among the top 100 cryptocurrencies gained at least 10%.

According to CoinMarketCap, Pyth Network (PYTH) was the biggest gainer of the day with a 20.7% price increase. Pendle (PENDLE) followed in second with 19.7% and Beam (BEAM) recorded a 17.2% jump in third while Injective (INJ) 14.3 hike ranked fourth.

Theta Network (THETA), Bittensor (TAO), SEI (SEI), and Sui (SUI) all jumped more than 10% and ranked fifth, sixth, seventh and eighth, respectively.

Top Altcoin Rebounds Ahead of ETF Decision

The price of the best Ethereum altcoin in crypto (ETH) gained 9%. The token has seen price fluctuations in recent hours, but traders may also be careful due to upcoming decisions by the United States Securities and Exchange Commission (SEC) on spot ETH ETFs.

Like crypto.news Previously reported, the SEC will decide on at least two spot Ethereum ETFs this week. Market sentiment could move in either direction depending on the approval or rejection of these Ethereum-backed investment vehicles.

Altcoin Ethereum

ETH Daily Price Chart | Source: TradingView

Fuente

We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Información básica sobre protección de datos Ver más

  • Responsable: Miguel Mamador.
  • Finalidad:  Moderar los comentarios.
  • Legitimación:  Por consentimiento del interesado.
  • Destinatarios y encargados de tratamiento:  No se ceden o comunican datos a terceros para prestar este servicio. El Titular ha contratado los servicios de alojamiento web a Banahosting que actúa como encargado de tratamiento.
  • Derechos: Acceder, rectificar y suprimir los datos.
  • Información Adicional: Puede consultar la información detallada en la Política de Privacidad.

Altcoins

Here’s When Altcoin Market Cap Will Reach New All-Time Highs, According to Trader Jason Pizzino

TokenTalk Staff

Published

on

Here's When Altcoin Market Cap Will Reach New All-Time Highs, According to Trader Jason Pizzino

A widely followed analyst reveals a possible timeline for altcoin markets to record new all-time highs.

In a new strategy session, trader Jason Pizzino tells his 329,000 YouTube subscribers that he’s taking a close look at the TOTAL3 chart, which tracks the market capitalization of all crypto assets excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins.

According to Pizzino, TOTAL3 experienced a 26-month accumulation period during the last cycle, spanning from late 2018 to early 2021, before launching a parabolic surge.

Pizzino says TOTAL3 could reflect the same pattern in this cycle and could be a few months away from triggering a strong bullish surge.

“That would take us around February, so the first quarter [of 2025]. As you look at the fourth quarter of 2024 – the first quarter of 2025, I think that probably had a pretty good move to a new high price…

All this fear of a market decline would be forgotten in the fourth quarter. I’m going to put myself in danger here. »

Source: Jason Pizzino/YouTube

Looking at the trader’s chart, he seems to predict that the total altcoin market cap will fall to the 50% Fibonacci level, at around $400 billion, before sparking a recovery and hitting a new all-time high at -above $1 trillion by early next year.

At the time of writing, TOTAL3 is hovering at $597 billion.

Don’t miss anything – Subscribe to receive email alerts directly to your inbox

Check Price Action

follow us on X, Facebook And Telegram

Surf The Hodl Daily Blend

& nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Image generated: DALLE3



Fuente

Continue Reading

Altcoins

Altcoin exodus cuts crypto market cap by 3.2%, Bitcoin falls to $64,000

TokenTalk Staff

Published

on

Altcoin exodus cuts crypto market cap by 3.2%, Bitcoin falls to $64,000

Kitco NEWS has a diverse team of journalists who cover the economy, stock markets, commodities, cryptocurrencies, mining and metals accurately and objectively. Our goal is to help people make informed market decisions through in-depth reports, daily market summaries, interviews with leading industry figures, comprehensive (often exclusive) coverage of important industry events and analyzes of developments affecting the market.

Fuente

Continue Reading

Altcoins

Trader Who Called 2022 Crypto Crash Bullish on Solana (SOL) and GPU-Focused Altcoin

TokenTalk Staff

Published

on

Trader Who Called 2022 Crypto Crash Bullish on Solana (SOL) and GPU-Focused Altcoin

An Analyst Who Accurately Called the 2022 Crypto Collapse Becomes Bullish on Solana (GROUND) and rendering (RNDR).

Analyst pseudonym Capo tell its 90,280 Telegram subscribers than Ethereum (ETH)-rival Solana and RNDR, the graphics processing unit (GPU) rendering blockchain, are likely in an uptrend.

“Added more to the long SOL and RNDR.”

Solana is trading at $133 at the time of writing, down almost 7% in the last 24 hours. Meanwhile, RNDR is trading at $7.17 at the time of writing, down 10% in the last 24 hours.

The analyst also monitors the OTHERS three-day chart, which tracks the total crypto market capitalization excluding the 10 largest digital assets and stablecoins, for signs of a rebound.

“Altcoins: the green zone is support but we should see a rebound soon. If green holds, then we should expect movement towards the red zones (T1 and T2). If green doesn’t hold, then blue. Judging by sentiment and indicators, I think the bullish scenario is more likely.

Source: Capo/Telegram

OTHERS is valued at $219.25 billion at the time of writing, down more than 7% in the last 24 hours.

Then the trader says that ETH against Bitcoin (BTC) could be preparing for an escape.

“ETH/BTC: This looks bullish.”

Source: Capo/Telegram

Looking at his chart, the analyst suggests that ETH/BTC could soon reach 0.065 BTC ($4,196). ETH/BTC is trading at 0.0532 BTC ($3,442) at the time of writing, up slightly over the past 24 hours.

Finally, the analyst claims that the bottom could be reached for the crypto market and predicts that a breakout is coming.

“The market has reached its lowest level again. BTC is holding above $65,000, but alts are suffering much more. It’s like that. Overall, it looks like local background training. Too negative sentiment and financing, filled offers and everything is very oversold. I still expect a strong rebound.

Bitcoin is trading at $64,661 at the time of writing, down 2.5% in the last 24 hours.

Don’t miss anything – Subscribe to receive email alerts directly to your inbox

Check Price Action

follow us on X, Facebook And Telegram

Surf The Hodl Daily Blend

& nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Image generated: DALLE3



Fuente

Continue Reading

Altcoins

https://news.google.com/./articles/CBMiSmh0dHBzOi8vY3J5cHRvc2xhdGUuY29tL2FsdGNvaW4tc2VsbG9mZi13aXBlcy1vdXQtNC05LWJpbGxpb24taW4tZGVmaS10dmwv0gEA?hl=en-US&gl=US&ceid =US%3Aen

TokenTalk Staff

Published

on

Altcoin selloff wipes out $4.9 billion in DeFi TVL

https://news.google.com/./articles/CBMiSmh0dHBzOi8vY3J5cHRvc2xhdGUuY29tL2FsdGNvaW4tc2VsbG9mZi13aXBlcy1vdXQtNC05LWJpbGxpb24taW4tZGVmaS10dmwv0gEA?hl=en-US&gl=US&ceid =US%3Aen

Fuente

Continue Reading

Trending

Copyright © 2024 TOKENTALK.TOP. All rights reserved. This website provides educational content and highlights that investing involves risks. It is essential to conduct thorough research before investing and to be prepared to assume potential losses. Be sure to fully understand the risks involved before making investment decisions. Important: We do not provide financial or investment advice. All content is presented for educational purposes only.