CandleFocus Memecoin and Altcoin steal the scene from the dominance of Bitcoin
2024-12-22
Author: Content Editor
The year 2024 has seen a recovery for the cryptocurrency sector after a disastrous 2022. This recovery was driven by expectations for the Bitcoin Halving in 2024 and the launch of Spot ETFs on Bitcoin and Ethereum, which increased liquidity and made cryptocurrencies more accessible. Bitcoin has performed well in 2024, consolidating its dominance and reaching new all-time highs. However, some altcoins, including Pepe and Dogecoin, have outperformed Bitcoin with significant price increases. Ripple has also seen strong growth, benefiting from news of Gary Gensler's resignation and a request for a spot ETF on Ripple. Looking ahead to 2025, many expect a positive year with growth expectations and the possibility of an Altseason. However, the crypto market remains volatile, and caution is advised when investing large portions of a portfolio in cryptocurrencies.
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