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All-Eyes On Altcoins: 4 Crypto Expected To Challenge Their All-Time Highs Soon

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All-Eyes On Altcoins: 4 Crypto Expected To Challenge Their All-Time Highs Soon - NewsBTC

Quick Summary:

As Bitcoin (BTC) continues its notable ascent, breaking through the $85,000 mark and setting new all-time highs, market experts predict a shift in capital towards several major crypto altcoins that have yet to retest their previous peaks.  Price Appreciation For Leading Crypto Post-Election Market expert Jesse Olson recently shared his altcoin watchlist on social media platform X (formerly Twitter), highlighting four cryptocurrencies, including Solana (SOL), as key players for what could be massive gains ahead.  Currently trading at around $218, SOL has experienced a significant 36% increase in price over the past week, outperforming many of the top ten cryptocurrencies.

Despite the challenges these altcoins face in the near term, Olson and other analysts maintain a positive outlook for the remainder of the year.  The recent victory of Donald Trump in the presidential election is anticipated to enhance institutional adoption of cryptocurrencies and increase capital inflows into the market.  This political shift could create a favorable environment for continued price appreciation across leading crypto assets of the ecosystem, including Bitcoin and the altcoins highlighted in Olson’s watchlist.

While it has underperformed compared to SOL and BTC in the weekly timeframe, ETH is approaching a critical breakout point.  Currently trading at approximately $3,300, Ethereum is just 33% shy of its record high of $4,878, reached in November 2021.The recent surge of 1.7% in the last 24 hours suggests potential momentum as it seeks to break through four months of resistance at $3,320 Chainlink Struggles To Break Resistance As Cardano Shines Chainlink (LINK) has shown slightly different dynamics.


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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 09:00:06 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 465 words

Reading Time: 3 minutes read

Sentences: 73 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23549244

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 5 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

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Publisher ID: #102

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