A widely respected cryptocurrency analyst says the altcoin market is set for a breakout.
Pseudonymous cryptocurrency trader Rekt Capital says 396,000 followers on social media platform
“Altcoin market capitalization has reached a historic breakthrough”
According to traders, the current price of Ethereum (ETH) is can lead Into the broader altcoin rally.
“This ETH breakout could be the impetus for the next phase of the altcoin rally.”
As of this writing, the value of ETH is $2,432, up 3.7% in the last 24 hours.
A closer look at Ethereum as an analyst Called The leading smart contract platform is likely to rise to the top again.
“ETH is starting to move and is already up +8%
As time goes on, I feel like I’m ready to revisit the high range areas once again.”
Analysts take a closer look at specific altcoins. Point out Decentralized oracle provider Chainlink (LINK) is falling while ETH competitor Solana (SOL) is rising.
“Today LINK is falling while SOL is rising.
Nonetheless, both are among the best performers in the altcoin market.
Previous outperformance has preceded waves of altcoin rallies and this time may be no different.”
SOL is worth $102 at the time of this writing and LINK is trading at $18.76.
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