Cryptocurrency analysis firm Santiment is signaling a potential short-term upswing for several major altcoins. Their analysis hinges on a metric known as Market Value to Realized Value (MVRV).
Read MoreCryptocurrency analysis firm Santiment is signaling a potential short-term upswing for several major altcoins. Their analysis hinges on a metric known as Market Value to Realized Value (MVRV).
Read MoreThe cryptocurrency market continues its bearish trend on June 12, 2024, with Bitcoin and major altcoins experiencing further declines. However, the meme coin PEPE is defying the trend, showing a significant price rally.
Read MoreFranklin Templeton, a leading asset manager, is reportedly exploring the launch of a new private fund catering to institutional investors, offering exposure to alternative cryptocurrencies (altcoins) and staking rewards.
Read MoreHowever, as June begins, certain altcoins are facing potential declines. Assets like Cardano (ADA), Bitcoin Cash (BCH), Axie Infinity (AXS), and The Sandbox (SAND) have encountered increased bearish sentiment, raising concerns about the possibility of them relinquishing some of their recent gains in the near future.
Read MoreAnalysts are observing a shift in the cryptocurrency market dynamics, with altcoins taking the spotlight away from Bitcoin. There's growing anticipation of an upcoming altcoin season, fueled by positive signals from technical analysis and on-chain data.
Read MoreAltcoins have garnered significant attention over the past week, driven by Ether’s (ETH) 25.9% gain during this period. Traders and crypto enthusiasts are anticipating the onset of altseason, especially after analysts observed a recent increase in the total market capitalization of altcoins, nearing a critical resistance level.
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