Recent analysis suggests that the altcoin market may have reached a “relative momentum bottom” despite its recent downtrend, a cryptocurrency analyst says. The Crypto Top 200 equal-weighted index, which tracks the performance of the top 200 cryptocurrencies by market cap, shows that only 10% of the top 200 cryptocurrencies have outperformed Bitcoin (BTC) over the 90-day lookback.
If you don't know how to screen strong coins, I suggest you follow me. Whether it is spot or contract, a little shot may be your limit. The opportunity is short, so you must seize it! Success does not depend on luck. Choice is greater than effort. The circle determines destiny. In the currency circle, in addition to having a keen eye for judging the situation, you must also keep up with a good team and a good leader. If you follow me, you are already halfway to success in the currency circle! Near Junyang + Wei: H98KK5
You can receive the latest free articles in the cryptocurrency world every day. If the articles are good, you can share them with everyone!
The number of daily active users (DAUs) across all blockchains has grown 97% year to date, indicating continued growth and rising asset prices. As user numbers increase, so too will user fees, setting the stage for a potential rally, so let’s take a look at some of the promising options below.
Solana (SOL): Riding the Wave of Bullish Momentum
Solana (SOL) is experiencing a bull run, with its price rising amid positive market sentiment. Recent developments, including Circle minting $250 million in USDC on the Solana network, have boosted confidence.
Analysts believe that if the momentum continues, Solana (SOL) could reach $170, thanks to its strong infrastructure and the adoption of DeFi and NFTs. Despite the bright prospects, market participants should be cautious of potential market corrections and competition from other blockchain platforms.
Toncoin (TON): Bullish indicators point to growth
Toncoin (TON) is showing strong bullish momentum with key on-chain metrics indicating positive trends. Its network is up 3.09% and 2.11% of holders are positive, reflecting strong market sentiment.
Currently priced at around $7.30, if Toncoin (TON) breaks above $7.53, it could rally to its all-time high of $8.28. The concentration of large holders supports this bullish outlook, but participants should remain cautious about market volatility and maintain key support levels.
Cardano (ADA): Preparing for a Major Upgrade
Cardano (ADA) is about to undergo a major upgrade via the Chang hard fork, designed to create a Voltaire-style autonomous community.
There are high expectations for this transition, with key conditions such as the adoption of node version 9.1 and the formation of replacement keys by the ICC Governing Council being crucial for its success. ADA’s price has surged in recent weeks, reflecting the market’s optimism.
Hard forks are expected to strengthen on-chain governance and promote wider adoption, although challenges such as ensuring a smooth transition could pose risks to network stability. Monitoring these developments will be critical to Cardano’s long-term potential.
