The post 10x Research Reveals Top Altcoins Savvy Crypto Traders Are Betting Big On! appeared first on Coinpedia Fintech News
Markus Thielen, the Head of Research at 10x Research, savvy traders are shifting their focus from Bitcoin to promising altcoins, and you might want to pay attention. Recent trends show that trading volumes for altcoins have surged as traders look for high-risk, high-reward opportunities amidst changing market dynamics.
Bitcoin Waning DominanceÂ
Since mid-March, Bitcoin has experienced a volatile correction, marked by four lower highs. But hereâs the exciting part: if it breaks past $65,000, it could signal a comeback! This might push Bitcoin back to levels over $70,000. Experts believe it could even reach new all-time highs by the end of this year!
Savvy Crypto Traders Are Betting on These Altcoins âAre You Missing Out?Trading volumes for altcoins have surged, and there's been a significant shift away from Bitcoin1-12) One of the most crucial elements of successful investing is recognizing when market themes andâŠ
â 10x Research (@10x_Research) September 25, 2024
While Bitcoinâs dominance slips, altcoins are stepping up. Many traders who used to only invest in Bitcoin are now looking at these alternative coins.Â
Ethereum on the Rise!
Ethereum is another player worth mentioning. Despite facing some challenges, itâs showing signs of recovery with weekly revenues hitting $21 millionâthe highest since June 2024!Â
This trend could push Ethereumâs price higher, especially as gas fees rise, indicating more network activity.
As Bitcoin fades, cryptocurrencies like Solana and other DeFi tokens are grabbing attention. Traders are now looking closely at speculative altcoins, especially after the recent positive moves since the Fedâs meeting. Here are the top picks you should keep an eye on!
Altcoins To Watch Out For
Meanwhile, Markus Thielen highlights some top altcoins that many savvy crypto traders are accumulating before the altcoin rally begins, Here Are They!!!
TAO â TAO is a decentralized finance (DeFi) app thatâs currently priced at $562, showing an incredible rise of 76% in just the last week!
Ethena (ENA) â Ethena is a synthetic dollar protocol built on Ethereum. Though itâs down from its previous high of $1.49, signs of massive growth are emerging.
SEI â SEI tokens let users pay transaction fees on the Sei network. This altcoin has jumped 70% in the last week and is now trading at $0.46.
APT (Aptos) â Aptos is a Layer 1 Proof-of-Stake blockchain for validator staking and governance. Itâs currently trading at $8.21, with a recent rise of 4.5% in just 24 hours.
Sui Token (SUI) â Sui is the native cryptocurrency of the Sui network. Itâs one of todayâs top gainers, up 12.4% in the last 24 hours!
NEAR Protocol â NEAR is a blockchain network that helps developers build decentralized applications (dApps). It has gained 30% in the past week, making it an attractive altcoin to buy.
The Graph (GRT) â The Graph is an Ethereum token that indexes and queries data from blockchains. Itâs currently priced at $0.18 and has risen 2% in the last 24 hours.
Donât miss out on these altcoinsâthey might just be the next big winners!