Fresh Data Suggests Ether, XRP, Solana, DOGE, Cardano, Shiba Inu Massive Eruption Brewing
Main Idea
Altcoins like Ether, XRP, Solana, DOGE, and Cardano are experiencing significant price increases and inflows, with Binance recording the highest altcoin inflows in 10 months, driven by positive market trends and technical indicators like the golden cross.
Key Points
1. Altcoins have recorded the highest inflows in 10 months on Binance, reaching levels not seen since last November.
2. A golden cross technical indicator has been observed, which historically preceded a 4,646% surge in altcoin prices within 1-2 months.
3. Leading altcoins such as Ethereum (ETH), Ripple (XRP), DOGECOIN (DOGE), and Cardano (ADA) have shown gains of 5.37%, 2.42%, 5.81%, and 4.11% respectively in the last 24 hours.
4. The altcoin market's uptick is attributed to positive news, project developments, and broader crypto market trends.
5. The near-term outlook for altcoins remains bullish due to heightened demand.
Description
The altcoin market could see yet another bullish rally in the near term, according to fresh market data—one that could shake up the crypto market long-term.
Latest News
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- Analyst Reveals Why Solana (SOL) is in Early Stages of Bullish Breakout Targeting $1,3152025-08-12 22:02:02
- Terraform Co-Founder Do Kwon Pleads Guilty Over Dramatic $60 Billion Terra/LUNA Collapse2025-08-12 20:21:58
- Largest Ethereum Treasury Firm BitMine Immersion Plans $20 Billion Stock Raise To Fund Massive ETH Buying Spree2025-08-12 15:39:26
- Strategy Stacks Another 155 BTC For $18 Million On Fifth Anniversary Of Its Groundbreaking Bitcoin Gamble2025-08-12 09:39:23