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Home»ALTCOIN NEWS»Crypto Trader Says Altcoin Market Cap Will Soon Begin A ‘Historic’ Breakout. Here’s what can prevent this:
ALTCOIN NEWS

Crypto Trader Says Altcoin Market Cap Will Soon Begin A ‘Historic’ Breakout. Here’s what can prevent this:

By Crypto FlexsFebruary 9, 20242 Mins Read
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Crypto Trader Says Altcoin Market Cap Will Soon Begin A ‘Historic’ Breakout.  Here’s what can prevent this:
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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”

Source: Rekt Capital/X

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.”

Source: Rekt Capital/X

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.”

Source: Rekt Capital/X
Source: Rekt Capital/X

SOL is worth $102 at the time of this writing and LINK is trading at $18.76.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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