{"id":31587,"date":"2024-10-29T16:30:00","date_gmt":"2024-10-29T13:30:00","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=31587"},"modified":"2024-10-29T15:36:17","modified_gmt":"2024-10-29T12:36:17","slug":"what-is-the-latest-situation-in-altcoins-october-29-2024","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-the-latest-situation-in-altcoins-october-29-2024\/","title":{"rendered":"What is the Latest Situation in Altcoins? October 29, 2024"},"content":{"rendered":"<p>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&#8217;s examine together what the data shows for the rise of altcoins.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-the-latest-situation-in-altcoins-october-29-2024\/#Ethereum_Analysis\" title=\"Ethereum Analysis\">Ethereum Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-the-latest-situation-in-altcoins-october-29-2024\/#BNB_Analysis\" title=\"BNB Analysis\">BNB Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/what-is-the-latest-situation-in-altcoins-october-29-2024\/#XRP_Analysis\" title=\"XRP Analysis\">XRP Analysis<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/what-is-the-latest-situation-in-altcoins-october-29-2024\/#What_Does_Bitcoin_Dominance_Tell_Us_About_the_Rise_of_Altcoins\" title=\"What Does Bitcoin Dominance Tell Us About the Rise of Altcoins?\">What Does Bitcoin Dominance Tell Us About the Rise of Altcoins?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Ethereum_Analysis\"><\/span>Ethereum Analysis<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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&#8217;s examine the critical levels in Ethereum on a chart.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-31594 size-full\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/eth.png\" alt=\"\" width=\"1356\" height=\"751\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/eth.png 1356w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/eth-300x166.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/eth-1024x567.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/eth-768x425.png 768w\" sizes=\"auto, (max-width: 1356px) 100vw, 1356px\" \/><\/p>\n<p>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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"BNB_Analysis\"><\/span>BNB Analysis<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Binance Coin (BNB) was also positively affected by the rise of Bitcoin and is trading at $ 605, rising by 1 percent.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-31595 size-full\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/bnb-1.png\" alt=\"\" width=\"1353\" height=\"751\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/bnb-1.png 1353w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/bnb-1-300x167.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/bnb-1-1024x568.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/bnb-1-768x426.png 768w\" sizes=\"auto, (max-width: 1353px) 100vw, 1353px\" \/><\/p>\n<p>The critical levels in BNB are $ 590 as the support zone, while there is resistance at $ 610.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"XRP_Analysis\"><\/span>XRP Analysis<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-31596 size-full\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/xrp.png\" alt=\"\" width=\"1352\" height=\"760\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/xrp.png 1352w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/xrp-300x169.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/xrp-1024x576.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/xrp-768x432.png 768w\" sizes=\"auto, (max-width: 1352px) 100vw, 1352px\" \/><\/p>\n<p>The support and resistance levels in XRP are at $ 0.51 while the resistance zone is at $ 0.527.<\/p>\n<p><em>Might interest you: <a href=\"https:\/\/coinengineer.net\/blog\/what-is-babydoge\/\">What is BabyDoge?<\/a><\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_Does_Bitcoin_Dominance_Tell_Us_About_the_Rise_of_Altcoins\"><\/span>What Does Bitcoin Dominance Tell Us About the Rise of Altcoins?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>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.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-31597 size-full\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/dominance.png\" alt=\"\" width=\"1355\" height=\"749\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/dominance.png 1355w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/dominance-300x166.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/dominance-1024x566.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/dominance-768x425.png 768w\" sizes=\"auto, (max-width: 1355px) 100vw, 1355px\" \/><\/p>\n<p>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.<\/p>\n<hr \/>\n<p><em>You can join our <strong><a href=\"https:\/\/t.me\/coinengineernews\">Telegram<\/a> <\/strong>channel to not miss the news and stay informed about the crypto world.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;s examine together what the data shows for the rise of altcoins. Ethereum Analysis Ethereum, which is called<\/p>\n","protected":false},"author":6,"featured_media":31573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[236,9168,9167,40,105,506],"class_list":["post-31587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-altcoin","tag-altcoin-bull-rise","tag-altcoin-rise","tag-bnb","tag-ethereum","tag-xrp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is the Latest Situation in Altcoins? 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