CandleFocus Top Three Altcoins to Watch as Bitcoin (BTC) Price Rebound Above $58k
2024-09-12
Author: Content Editor
The total crypto market cap has increased by 1 percent in the past 24 hours, with Bitcoin's price rising above $58k. Altcoins such as Binance Coin (BNB), Sui (SUI), and Cardano (ADA) have shown signs of a potential rebound. The crypto industry has been following major stock indexes, which have experienced gains due to an expected economic shift in the US. US inflation has also dropped from 2.9 percent to 2.5 percent annually. Altcoins Decentraland (MANA), The Graph (GRT), and Aave are worth watching as they have high short ratios on Binance, suggesting potential price jumps due to forced liquidations. MANA has rallied over 3 percent, GRT has a strong support level above 12 cents, and Aave is one of the top-performing DeFi protocols.
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