Bitcoin (BTC) $96,632.0 price After exceeding $97,000, it fell to $96,300. Altcoins continue the day in green. The first working day of January and the year has started. This means that the expected period of rise should now begin. So what are the experts’ predictions? What awaits cryptocurrencies?
Cryptocurrencies Review
Altcoins have weakened significantly in recent days. BTC The local decline, as the price raced to new local lows, erased at least half of the gains from the November election results. Even though BTC suffered less losses, the fear and panic in altcoins is not over yet.
Analyst nicknamed Jelle SUI Coin Drawing attention to altcoins in particular, he wrote that the rise may continue.
“Most altcoin It fell off a cliff in the past weeks and is just starting to recover. By the way, $SUI looks like this. I bought a few tokens. Resilience in the face of weakness often means something.”
The Wolf of Main Street expects the altcoin king’s rise to continue. Although altcoins such as EIGEN take slight profits for quick gains, the analyst’s target for ETH is clear, as shared below.
In the scenario where $ 3,840 is exceeded, the rise of ETH may encourage the rest of the altcoins. January 2 ETF data will give us more insight into how the first quarter started in the coming hours.
Altcoin Rise
Cryptocurrency analyst pseudonymous Kans wrote that Bitcoin market dominance may decline further. The scenario he targets will open the door to the start of the real upward movement in altcoins. BTC At the time of writing, altcoins are struggling to maintain their daily gains as they linger at $96,250.
Kans wrote the following;
“It is time to eliminate the dominance of BTC and give space for altcoins to do their job.
Right now altcoin If you have created your basket, you will probably see the best earning rates in the coming months.”
Crypto The total market value of currencies approached 3.4 trillion dollars again. Total transaction volume is approaching 126 billion dollars, an increase of 44%. In the days when cryptocurrencies were active, we were seeing volumes of over 300 billion dollars. As January 20 approaches, volume peaks may be exceeded.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
