In the previous week, the cryptocurrency market has seen a strong uptrend, with most of the best 100 crypto assets encountering a surge of more than 10%. A few top entertainers have added to this bullish momentum, displaying momentous gains and driving the general market capitalization.
🥳 The majority of top 100 #crypto assets are up +10% in market value over the past week. Some notable standouts have been $LINK, $OKB, $KAS, $RUNE, and $NEO. Pay attention to social volume rises as well, where #FOMO from new entries into the space have extended this rally. pic.twitter.com/z8SVl0q8mu
— Santiment (@santimentfeed) November 9, 2023
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Massive Gains For These Assets, LINK, OKB, KAS, RUNE, and NEO
Driving the charge is Chainlink (LINK) with an amazing 30% addition, featuring its versatility and allure to investors. OKB follows intently, flaunting a significant 36% increment in its market value. KAS, then gets everyone’s attention with a remarkable surge of 61%, flagging an imperative market section. RUNE and NEO likewise add to the rally, recording gains of 36% and 29%, individually, further expanding the upward trajectory of the crypto market.
Bitcoin Drives Altcoin Surge, With $37K Price Level Surge
Bitcoin’s resurgence above $37,000 has gone about as an impetus for altcoins, as Ethereum (ETH) posts a huge 10% expansion. This surge in Ethereum’s value is credited to BlackRock’s filing for a spot Ethereum ETF, giving a new lift to the second-biggest cryptocurrency. With the restored momentum, ETH focuses on the following objective of $2,500 and that’s just the beginning
Chainlink and Polygon Lead The Altcoin Rally, Taking Cues From Bitcoin
Chainlink’s high move stands apart with an exceptional 100 percent surge in the past three weeks. The oracle service provider keeps on catching market attention, mirroring the developing demand for its offerings. Furthermore, Polygon (MATIC), Ethereum’s layer-2 platform, is on an upward trajectory, with MATIC looking at the $1 mark.
Various Altcoin Gains Like Solana, LINK, and KAS
Past Ethereum and Chainlink, other altcoins are taking outstanding steps. Solana posts a 7% expansion, drawing nearer the $50 mark. The aggregate strength of different altcoins highlights the expansive based nature of the current market rally.
As the cryptocurrency market keeps on showing strength and variety, market members enthusiastically anticipate further turns of events and potential breakout scenarios from different altcoins.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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