Ethereum
Can Solana overtake Ethereum? -TyN Magazine
After a brief recovery, the markets cooled again, but this time, much was brewing in silence. Solana is quietly gaining ground on Ethereum. Aptos just prevented its potential collapse and Shiba Inu is working to beat Dogecoin.
As markets head towards higher levels, now is the critical time to observe closely and make informed decisions that will decide the fate of your portfolio.
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Crypto markets have resumed their bullish journey. The market capitalization has once again exceeded $2.4 trillion, thanks to a strong recovery in Bitcoin. This time, Bitcoin is showing more strength than ever, with dominance increased to 54.36%. This rise in power seems to have calmed the doubts that surrounded him.
There has also been strong growth in selective altcoins like Solana and Toncoin. Additionally, memecoins like Dogecoin and Shiba Inu see a strong future fueled by user growth, new markets, and emerging use cases.
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Sentiment has moved decisively into positive territory, this time with even more confidence. After a brief consolidation phase, the cryptocurrency markets have started to shine again.
The Crypto Fear and Greed Index jumped 12% over the past week, reaching a score of 74. This rise clearly indicates a return to bullish market sentiment.
The crypto market cap has once again surpassed $2.4 trillion, following a mostly bearish week. Bitcoin and Ethereum continue to dominate the market share, holding 54% and 15.5% respectively
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Will Dogecoin reach $3?
The crypto rally is showing signs of continuing and Dogecoin is poised to become a key player. The memecoin echoes some technical signals seen during its 2021 rally, recently breaking out of a long-term descending triangle pattern. This breakout suggests the possibility of reaching $3 in the coming days. Currently, Dogecoin is trading near $0.15. Further adding fuel to the fire, on-chain metrics such as new users have shown solid growth over the past six months, indicating continued interest in the project.
Bitcoin reflects its post-2016 halving trend
Several analysts have observed a Bitcoin price trend following the 2024 halving event. This trend appears to resemble the price action seen in the six months following the 2016 halving, when Bitcoin experienced an increase of 48%. Rekt Capital suggests that this period could be a reaccumulation zone for Bitcoin, with the potential to push its price above $100,000 in a bullish scenario.
Will Solana cross $200 this week?
Solana’s recent rise in on-chain metrics and Solana’s entry into new markets has led us to believe that it could soon surpass $200. Cryptocurrency poses serious challenges to Ethereum in several areas. In just the first three months of 2024, Solana has repeatedly managed to outperform its past performance.
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