CandleFocus Only Four of the Top Altcoins Have Yields in the Green This Week – Could A Rally Be Coming Next Week? Analysts Explained
2024-10-26
Author: Content Editor
Cryptocurrency analysis company Santiment highlighted four altcoins—Solana, Jito, Jupiter, and Cosmos—that performed well in terms of returns this week. While Bitcoin fell short of expectations, these altcoins stood out in the green zone. Additionally, Santiment analysts noted a growing interest in memecoins, particularly as Bitcoin failed to deliver as expected. Looking ahead, analysts predicted that if the market's disappointing performance persists over the weekend, sentiment may shift to fear, uncertainty, and doubt (FUD), potentially resulting in a market rally in the coming week. Furthermore, Ethereum's whale activity reached a six-week high, indicating accumulation by key holders with significant capital, although it is uncertain whether this will immediately impact the price. Please note that this is not investment advice.
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