Cryptocurrency investors’ demand for coins other than Bitcoin and Ethereum has begun to increase.
Total value of the cryptocurrency market in one week From $1.61 trillion to $1.74 trillion rose. In this process, prices of Solana (SOL) and Avalanche (AVAX) at rates exceeding 25% There was an increase.
There was an increase between 13% and 22% in the prices of Internet Computer (ICP), NEAR Protocol (NEAR), Polkadot (DOT) and Monero (XMR).
On a weekly basis Approximately 10% gain Bitcoin has a 50-day moving average Above 42 thousand 141 dollars, 43 thousand 249 dollars It remains at the level.
FxPro’s market analyst Alex Kuptsikevich said: “Altcoins have consistently shown positive performance over the last six days, optimism increases and Bitcoin To test 46 thousand dollars is preparing. “The outperformance of major altcoins shows that the interest of market participants has expanded beyond the two largest coins.” said.
Kuptsikevich thinks that the demand for altcoins may decrease. Analyst, “Don’t expect uninterrupted demand for smaller altcoins or meme coins this year – this usually happens after an extended bull market.” he commented.
On the one hand, experts are waiting for the Fed’s January interest rate decision. Fed holds interest rate decision meeting He will make his decision on January 31st and will make his decision at 22.00. will explain.
In Tagus Capital’s research, “The market is sensitive to the Fed’s tone, and a dovish shift could potentially risk appetite “It could increase and attract more capital into Bitcoin and its associated ETFs.” It was said.