Situation on the market on 25. 11. 2024
The situation in the cryptocurrency market is extremely interesting. After the bitcoin surge to nearly 100k dollars, a correction occurred and we dropped to levels of 94-96k. The fact is… it’s not a huge drop but it can be noticed that the trend has changed somewhat. A few weeks earlier, we had a surge of the so-called “memecoins,” which began to dominate the market. Today we are observing a slowdown in their dominance with an advantage for the rise of so-called “altcoins.” We are waiting for further increases and for trends to stabilize. Will it be the “return of the king” Bitcoin? Will the “memes” start moving again? Or perhaps “digital silver/oil” ETH will begin its journey towards reaching its peak, i.e., ATH. We shall see. In the meantime, I’m sending a graphic with projects from the top 100 to assess the situation and invite discussion.
The situation in the cryptocurrency market is extremely interesting. After the bitcoin surge to nearly 100k dollars, a correction occurred and we dropped to levels of 94-96k. The fact is… it’s not a huge drop but it can be noticed that the trend has changed somewhat. A few weeks earlier, we had a surge of the so-called “memecoins,” which began to dominate the market. Today we are observing a slowdown in their dominance with an advantage for the rise of so-called “altcoins.” We are waiting for further increases and for trends to stabilize. Will it be the “return of the king” Bitcoin? Will the “memes” start moving again? Or perhaps “digital silver/oil” ETH will begin its journey towards reaching its peak, i.e., ATH. We shall see. In the meantime, I’m sending a graphic with projects from the top 100 to assess the situation and invite discussion.
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