Logo
Cardano Ecosystem

Btcmanager

12/21/2023

·

302 views


Altcoins to see up to 300% rallies fueled by crypto uptrend: analyst

In a video posted on Dec. 21, the crypto market analyst behind the popular YouTube channel Crypto Banter shared his bullish outlook on the altcoin market. The analyst points to the total cryptocurrency...

Altcoins to see up to 300% rallies fueled by crypto uptrend: analyst

Altcoins to see up to 300% rallies fueled by crypto uptrend: analyst

In a video posted on Dec. 21, the crypto market analyst behind the popular YouTube channel Crypto Banter shared his bullish outlook on the altcoin market.

The analyst points to the total cryptocurrency market cap excluding Bitcoin (BTC) and Ethereum (ETH) breaking above key resistance levels. In his view, this signals that altcoins are ready to enter a new bull market phase.

I’m seeing over the next few weeks [an] acceleration of us going from 480 billion [of total market cap not including BTC and ETH] all the way to the areas of 630 billion as target one. So this for me is giving me an indication as as all coins as a whole, you know Looking at the regions of around 30%

Crypto Banter
Altcoins to see up to 300% rallies fueled by crypto uptrend: analyst - 1

The analyst believes this altcoin breakout could fuel rallies of 100-300% in top altcoins over the coming weeks. However, he cautions that not all altcoins will move together, as investor interest rotates between various sectors like DeFi, gaming, infrastructure projects, and more.

Some of the top altcoins the analyst is watching closely due to bullish chart patterns and fundamentals include Avalanche (AVAX), Solana (SOL), Cardano (ADA), Phantom (XPH), Chainlink (LINK), Near Protocol (NEAR), Pancakeswap (CAKE), and Uniswap (UNI) among others. He advises traders to take profits on big rallies and “be stingy” about holding altcoins too long.

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on Btcmanager

ORIGINAL SOURCE

https://crypto.news/altcoins-to-see-up-t...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from Btcmanager

See more
Grayscale debuts first U.S. multi-asset crypto ETF on NYSE Arca
Btcmanager
Grayscale debuts first U.S. multi-asset crypto ETF on NYSE Arca

09/19/2025

·

17 views

Related News

See more
Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)