These Five Altcoins Attract Attention with Their Increases

Tanju Akbıyık — Wed, 30 Oct 2024 16:00:22 +0000

Bitcoin (BTC) has caused significant increases in the altcoin market by exceeding the $ 71,000 level. Gaining momentum with the approach of the US presidential elections, BTC has left a critical threshold behind after three months and triggered a new wave of increases in altcoins. So, which cryptocurrencies have attracted attention in the last 24 hours?

Dogecoin (DOGE)

This popular memecoin, which rose after Elon Musk’s post about Dogecoin, gained 15% in the last 24 hours. DOGE, which made a strong entrance into the long-awaited bull season, may continue its rise as long as the memecoin trend continues.

Ethena (ENA)

Despite Ethereum’s stagnant course, ENA increased by 14% in the last 24 hours and attracted the attention of investors. This project, known as Layer-2, may further increase expectations with a possible increase in the price of Ether (ETH).

Mog Coin (MOG)

MOG, one of the notable projects of the cat memecoin trend, has gained 12% in value in the last 24 hours. MOG, which has a resilient stance in the rising market, has the potential to reach higher levels with new exchange listings.

Popcat (POPCAT)

POPCAT, one of the popular projects of the memecoin craze, has increased by 9% in the last 24 hours. POPCAT, which has a strong stance by exceeding the $ 1.50 level, may target even higher levels if the memecoin craze continues.

Might interest you: What is BabyDoge?

Pendle (PENDLE)

PENDLE, one of the pioneers of RWA projects, has shown a 7% performance in the last 24 hours. Despite the upward movements in memecoins, PENDLE, which continues to attract investors’ attention, may witness strong price movements with the resumption of the RWA trend.

You can join our Telegram channel to not miss the news and stay informed about the crypto world.

The post These Five Altcoins Attract Attention with Their Increases appeared first on Coin Engineer.

What is the Latest Situation in Altcoins? October 29, 2024

Tanju Akbıyık — Tue, 29 Oct 2024 13:30:00 +0000

In addition to the rise of Bitcoin in the cryptocurrency market, the situation of Ethereum, which has the largest market cap among altcoins, is a matter of curiosity. What does the rise of Bitcoin mean for altcoins? Let’s examine together what the data shows for the rise of altcoins.

Ethereum Analysis

Ethereum, which is called the leading altcoin, has increased by more than 2 percent in the last 24 hours after the rise of Bitcoin and is currently trading at $ 2600. Let’s examine the critical levels in Ethereum on a chart.

While the critical levels in Ethereum are important for the rise to continue and be permanent, the upper resistance band of $ 2820 is important, the support zone is $ 2540.

BNB Analysis

Binance Coin (BNB) was also positively affected by the rise of Bitcoin and is trading at $ 605, rising by 1 percent.

The critical levels in BNB are $ 590 as the support zone, while there is resistance at $ 610.

XRP Analysis

XRP, which has made significant gains in its ongoing lawsuit with the SEC, maintains its price stability. It has increased by nearly 1 percent in the last 24 hours and is traded at $ 0.52.

The support and resistance levels in XRP are at $ 0.51 while the resistance zone is at $ 0.527.

Might interest you: What is BabyDoge?

What Does Bitcoin Dominance Tell Us About the Rise of Altcoins?

Bitcoin dominance is an important indicator in telling us about the interest in Bitcoin in the cryptocurrency sector. However, the current level of dominance is 59.7 percent, which means that almost 60 percent of the cryptocurrency market value is in Bitcoin.

BTC.D is still rising and there is still suitable ground for the rise, the 60 region is currently the resistance zone of our long-term rising trend and if this is broken, critical scenarios for the alts will begin, there will be a reaction from here, if we see another correction, we may start to see recoveries in the alts.