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🔥💥Altcoin Season is Here: Top 7 Cryptocurrencies You Must Own This Bull Run
The digital money market is churning with speculation about the upcoming altcoin season. Drawing insights from historical trends, analysts suggest that a potential change triggered by compelling indicators may be looming on the horizon. Ben Armstrong, known for his insights into the cryptocurrency market, recently shared his perspective on seven cryptocurrencies that he considers to be sound investment options. Among them, Ethereum, Solana (#SOL ) and SUI stand out, as well as #XRP and Bitcoin. Dec.
Here are the Most Preferred Ones of This Season!
Bitcoin
The focus of this altcoin boom is the speculation surrounding the Bitcoin dominance chart, signaling a potential reversal. At 54.60%, it is at its highest level since March 2021. Keen observers think that this increase is a possible catalyst for the next altcoin season.
According to Armstrong, Bitcoin's attractiveness lies in its status as the most prominent cryptocurrency with a market capitalization exceeding $ 1.39 trillion. This dominance, combined with growing institutional interest and the emergence of exchange-traded funds (ETFs), is solidifying Bitcoin's position as a safe investment option.
Ethereum
Similarly, Armstrong sees Ethereum as the digital equivalent of Bitcoin, which is often referred to as digital silver. With pending applications for ETFs and a parallel increase in institutional adoption, Ethereum's role as a key player in cryptocurrency seems secure.
On the subject of XRP, Armstrong's optimism focuses on the potential resolution of Ripple's lawsuit with the SEC and the anticipation surrounding Ripple's potential initial public offering (IPO). Besides the IPO, the adoption of XRP by central banks and Ripple's partnership with the BIS could lead to a significant price increase and financial stability, making it the best cryptocurrency for central banks and opening up new possibilities for innovation.
