Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»BITCOIN NEWS»Key Trends Driving Altcoin Market to $425 Billion: Analyst
BITCOIN NEWS

Key Trends Driving Altcoin Market to $425 Billion: Analyst

By Crypto FlexsMarch 16, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Key Trends Driving Altcoin Market to 5 Billion: Analyst
Share
Facebook Twitter LinkedIn Pinterest Email

Amidst optimistic sentiments about the cryptocurrency environment, the overall market capitalization of altcoins has seen positive strength as many investors and traders are investing capital in various sectors. altcoin Ahead of the bull cycle.

Altcoin Market Will Rebound Toward $425 Billion

After Bitcoin hit an all-time high, many cryptocurrency analysts expect altcoin market capitalization to surge. Rekt Capital, a professional cryptocurrency trader, shared This is a positive prediction for the altcoin market capitalization of the X community.

Expert analysis examines the current state of the market and the chances of it moving higher in the coming months. His predictions were made taking into account the development of the altcoin season index, which suggests that the season is almost here.

According to the analyst, the market was redirected to the ‘blue circle test zone’ due to the rejection of the ‘red circle zone’. However, after that, the market rebounded and showed an upward trend. interest From market investors.

Excluding the top 10 cryptocurrencies, ALT market capitalization will reach $425 billion | Source: Rekt Capital by X

Rekt Capital also noted that the market has crossed the “red resistance line of $315 billion.” Accordingly, the red line resistance has now been changed to a ‘new support level’. This leads cryptocurrency analysts to expect a surge from the $425 billion threshold to the “light blue circle” in the coming months.

Here is the post:

The area circled in red rejected the altcoin market, returning to the retest area circled in blue. Since then, altcoin market capitalization has recovered, crossing the red resistance line of $315 billion and recently turning into a new support line. Here is a light blue circle over time.

However, Rekt Capital also made the claim in another recent report. post “The $315 billion figure is still being retested with new support from alternative markets.” Several altcoins today have been unable to surpass this despite seeing double-digit declines.

Despite the market still retesting the aforementioned levels, Rekt Capital is confident that it will soon “revisit the $425 billion resistance.” He expects the market to revisit previous levels. bitcoin halving The event is expected to take place in April.

Alts gains are sustainable and likely to crash

Samson Mow, CEO of Bitcoin technology company JAN3 shared His insights into the altcoin market. Despite predicting a rise in the altcoin market, Mow emphasized that he expects altcoins to “collapse in the coming weeks.”

According to Mow, alternative investors have been monitoring “the rise of Bitcoin” since the launch of BTC spot exchange-traded funds (ETFs). However, altcoins do not have the “$500 million to $1 billion” daily inflows seen with Bitcoin.

As a result, this should become their “main signal.” benefit “Can’t” holds. “MSTR has a market capitalization of $30 billion. Solana It’s 73 billion dollars. That is absurd. “The correction was delayed,” he added.

altcoin
Cryptocurrency market capitalization excluding Bitcoin and Ethereum in daily chart is $716 billion | Source: TOTAL3 from Tradingview.com

Featured image from Shutterstock, chart from Tradingview.com

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025
Most Popular

Former Binance CEO Zhao Unveils Education-Focused Cryptocurrency Initiative

March 19, 2024

Alchemy reports deployment of over 1 million smart accounts.

January 6, 2024

The cryptocurrency market is booming, but one coin is lagging behind.

September 15, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.