Riding the Altcoin Wave As SRSI Signals Bullish Momentum Ahead

• Altcoin dominance is rising, indicating potential opportunities in smaller-cap cryptos outside the top 10.
• SRSI hovering around the 20-level breakout point suggests bullish momentum for altcoins in the near future.
• Lesser-known tokens like Render, Injective, and LCX are showing notable price surges amidst the market volatility.

Amidst the volatile landscape of cryptocurrency, the spotlight is shifting towards altcoins, especially those outside the top 10. As per Jaydee,an analyst, the Altcoin Dominance index excluding the leading cryptocurrencies, there's a growing buzz about potential opportunities in the smaller cap cryptos.

The market dynamics are intriguing, with a particular focus on the SRSI (Stochastic Relative Strength Index) hovering around the 20-level breakout point. This threshold has become a focal point for many altcoin holders, signaling potential bullish momentum in the near future.

According to the price data from CoinMarketCap, the market landscape appears stable, albeit with slight fluctuations. At the time of press, Bitcoin was trading at $66,3595 and Ethereum at $3,752.23. Bitcoin's 24-hour trading volume stands at a staggering $62.7 billion, while Ethereum boasts $31.7 billion. Meanwhile, XRP is showing promise, with a price of $0.614607 and a 24-hour trading volume of $2.8 billion, up 1.89% over the last 24 hours.

Read full article at CryptoTale.