Solana remains a major altcoin despite a recent dip, showing increased derivatives market activity and strong long positions.
XRP’s market sentiment is bullish, though a drop in derivatives trading volume suggests a cautious approach from participants.
Dogecoin’s rising popularity and bullish sentiment on platforms like OKX indicate cautious optimism for the meme coin’s growth.
The term “altcoin” has gained traction as cryptocurrencies beyond Bitcoin (BTC) have evolved. Altcoins, meaning any crypto launched after Bitcoin, started as forks of Bitcoin’s open-source code. Over time, these alternatives have changed, offering different supply schedules and privacy features.
Well-known altcoins like Litecoin (LTC) and Zcash (ZEC) have driven crypto innovation, leading many to wonder if the altcoin market is still in its early stages or becoming more stable.
Rising Popularity of Altcoins
Besides Bitcoin’s dominance, several altcoins have also made their mark. Solana (SOL), for instance, is trading at $138.72, with a 24-hour trading volume of over $2.7 billion. Although it dipped 2.28% in the past day, Solana has a strong market cap of nearly $65 bill…
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