Top 100 Altcoins Surge as Bitcoin Drops, Fueling Speculation of Altseason
The cryptocurrency market has witnessed a remarkable shift in the past 24 hours. According to CCN.com, while Bitcoin's price continues its downward trend, most altcoins have experienced significant gains. Solana (SOL) led this surge among the top ten cryptocurrencies with an impressive rise of 5%, whereas Cardano (ADA) saw a modest increase of just under 2%. The broader market also celebrated Virtuals Protocol’s massive leap by over 30%.
This development comes amid growing speculation about an impending "Altcoin Season," where alternative coins outperform Bitcoin significantly. Despite recent downturns for BTC, investor sentiment remains bullish as indicated by the Fear and Greed Index standing firmly in the “Greed” zone at a reading of 73 out of 100 on December 24th.
XRP, SUI, HBAR Price Analysis — Major Breakouts Underway as Bitcoin Stagnates
FX Empire reports that several major altcoins are showing promising signs even as Bitcoin struggles below $94k. XRP is currently navigating between consolidation levels but hints at potential breakout opportunities above key resistance points near $2.28 if momentum sustains itself beyond current support zones around $1.61-$1.97 range.
Sui (SUI), meanwhile, eyes retesting higher targets following inverse head-and-shoulders pattern breakouts; similarly, Hedera Hashgraph (HBAR) confirms bull flag formations, suggesting further upward trends could be imminent despite temporary consolidations observed recently.
Sources:
- Why Is XRP Down Today? XRP Price Prediction for 2024 and 2025
- Top 100 Altcoins Surge as Bitcoin Drops, Fueling Speculation of Altseason
- XRP, SUI, HBAR Price Analysis — Major Breakouts Underway as Bitcoin Stagnates
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