Price: $0.19433 -4.4007%
Market Cap: 28.51B 1.1404%
Volume (24h): 4.09B 0.2%
Dominance: 1.1404%
Price: $0.19433 -4.4007%
Market Cap: 28.51B 1.1404%
Volume (24h): 4.09B 0.2%
Dominance: 1.1404% 1.1404%
  • Price: $0.19433 -4.4007%
  • Market Cap: 28.51B 1.1404%
  • Volume (24h): 4.09B 0.2%
  • Dominance: 1.1404% 1.1404%
  • Price: $0.19433 -4.4007%
Home > Information news > Altcoin Market Now Set for Explosive Growth to $3.2 Trillion: Details

Altcoin Market Now Set for Explosive Growth to $3.2 Trillion: Details

Release: 2024/02/28 06:28 Reading: 628

Original author:Coin Edition

Original source:https://coinmarketcap.com/community/articles/65de2fe26e95af530cbba85a

Altcoin Market Now Set for Explosive Growth to $3.2 Trillion: Details

  • Bitcoin moved to regain new yearly highs at $56,775 in the last 24 hours. 
  • An analyst argued the market is set for the biggest altcoin season in history. 
  • The analyst foresees an altcoin valuation likely hitting $3.2 trillion this season.

While the overall crypto market recently reclaimed a valuation exceeding $2.14 trillion, Mags, a technical analyst in the crypto community, believes the altcoin market alone could be worth $3.2 trillion. This view emerged as Bitcoin moved significantly to regain a new yearly high in the last 24 hours. 

In particular, CoinMarketCap data shows Bitcoin has grown by over 10.4% from a low of $50,960 to as high as $56,775 within the past day.

Among the top ten most prominent cryptos, the prime beneficiaries of the Bitcoin-led rally include Solana (SOL), which has reached $112 from $100. Also, Cardano (ADA) has reclaimed the $0.6 territory with an 8% gain, while Dogecoin (DOGE) has recorded double-digit percentage gains.

The post Altcoin Market Now Set for Explosive Growth to $3.2 Trillion: Details appeared first on Coin Edition.

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