Price: $0.39311 2.2369%
Market Cap: 57.75B 1.7485%
Volume (24h): 8.56B 0.4%
Dominance: 1.7485%
Price: $0.39311 2.2369%
Market Cap: 57.75B 1.7485%
Volume (24h): 8.56B 0.4%
Dominance: 1.7485% 1.7485%
  • Price: $0.39311 2.2369%
  • Market Cap: 57.75B 1.7485%
  • Volume (24h): 8.56B 0.4%
  • Dominance: 1.7485% 1.7485%
  • Price: $0.39311 2.2369%
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.

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.