As we approach the end of October, the crypto market has attracted the attention of swing traders, especially in the last two weeks. altcoin The sector is preparing for further upward fluctuations. The recent breakout initiated by Bitcoin has led to a broader rally in the entire altcoin market.
Altcoin Key Indicator to Watch for the Season
An important indicator to watch for the potential altcoin season, Bitcoin Total is 2, which tracks the total market capitalization excluding This indicator has increased by more than 13 percent since October 13, reaching approximately 576 billion dollars at the time of writing.
According to Crypto Tony, a well-known digital asset investor and analyst on the X platform, the altcoin industry is on the verge of a mini pump if the bulls manage to break above the falling logarithmic resistance. Such a breakthrough could push the altcoin industry towards a market cap of around $621 billion. In this context, it could potentially signal the beginning of a macro bull run following a two-year triangle consolidation.
Best Altcoins to Watch
Growing crypto- Amid speculation, several altcoins started the week on a rise. Additionally, he pointed out that more gains will be made in the coming days. The top altcoins you should keep on your watchlist include:
- Solana (SOL): Solana showed promising signs, gaining more than 6 percent in the last 24 hours.
- Monero (XMR): Monero, a privacy-focused cryptocurrency, has also shown strength, becoming a contender for potential gains.
- Axie Infinity (AXS): Axie Infinity, a blockchain-based game, witnessed a 6 percent increase in the last 24 hours. This makes it an exciting choice for Traders.
These altcoins could achieve additional gains if Bitcoin’s dominance continues to improve in the coming days, providing more room for the altcoin market to thrive.
Koinfinans.com As we approach the end of Uptober, the crypto market remains dynamic and full of potential, as we report. This provides opportunities for both traders and investors. It is recommended that you follow these developments closely as you navigate the exciting world of cryptocurrencies.