{"id":137927,"date":"2024-09-25T21:30:11","date_gmt":"2024-09-25T18:30:11","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137927"},"modified":"2024-09-25T18:38:56","modified_gmt":"2024-09-25T15:38:56","slug":"traders-shift-focus-from-bitcoin-to-promising-altcoins-amid-market-volatility","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/traders-shift-focus-from-bitcoin-to-promising-altcoins-amid-market-volatility\/","title":{"rendered":"Traders Shift Focus from Bitcoin to Promising Altcoins Amid Market Volatility"},"content":{"rendered":"<p>Recent market trends show an increase in altcoin trading volume as traders seek opportunities for higher returns amid Bitcoin\u2019s volatile corrections.<\/p>\n<p>He recalled that <a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\"><strong>Bitcoin<\/strong><\/a> has faced several corrections since mid-March, marked by four lower highs. However, if Bitcoin breaks the $65,000 mark, it could surge towards $70,000 and potentially reach new all-time highs by the end of the year. However, Bitcoin\u2019s dominance is waning and many former Bitcoin investors are now exploring alternative cryptocurrencies.<\/p>\n<p>Thielen <a href=\"https:\/\/mail.10xresearch.co\/p\/savvy-crypto-traders-are-betting-on-these-altcoins-are-you-missing-out?draft=true\" target=\"_blank\" rel=\"nofollow\"><strong>also noted<\/strong><\/a> that <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a><\/strong> is also showing signs of recovery, with its weekly revenue reaching $21 million \u2013 the highest since June 2024. Rising gas fees suggest increased network activity, which could further boost Ethereum\u2019s price.<\/p><div class=\"crypt-after-3rd-paragrah\" id=\"crypt-449299374\"><script src=\"https:\/\/bs_c1694fc8.cryptopence.care\/sdk.js\" data-clickout-type=\"native_table_box\"><\/script><\/div>\n\n<p>He argues that as Bitcoin\u2019s dominance fades, altcoins like <a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/solana\/\"><strong>Solana<\/strong><\/a> and various DeFi tokens are gaining popularity. Thielen also mentioned that a few altcoins that traders are accumulating ahead of a potential altcoin rally are:<\/p>\n<p>\u2013 Bittensor (<a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bittensor\/\"><strong>TAO<\/strong><\/a>)<br>\n\u2013 Ethena (<a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethena\/\"><strong>ENA<\/strong><\/a>)<br>\n\u2013 SEI (<a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/sei\/\"><strong>SEI<\/strong><\/a>)<br>\n\u2013 Aptos (<a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/aptos\/\"><strong>APT<\/strong><\/a>)<br>\n\u2013 Sui Token (<a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/sui\/\"><strong>SUI<\/strong><\/a>)<br>\n\u2013 Near Protocol (<a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/near-protocol\/\"><strong>NEAR<\/strong><\/a>)<br>\n\u2013 The Graph (<a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/the-graph\/\"><strong>GRT<\/strong><\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Marcus Thielen, head of research at 10x Research, experienced traders are increasingly shifting their attention from Bitcoin to promising altcoins.<\/p>\n","protected":false},"author":9,"featured_media":18763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[72],"class_list":["post-137927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Traders Shift Focus from Bitcoin to Promising Altcoins Amid Market Volatility<\/title>\n<meta name=\"description\" content=\"Jan Happel and Jan Aleman, the founders of the analytics firm Glassnode, are predicting an upcoming &quot;altcoin season&quot; where alternative ...\" \/>\n<meta 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