The crypto market has recently seen a surge in altcoins, including Hedera, Chainlink, The Sandbox, VeChain, Fantom, Quant, XRP, Avalanche, and Axie Infinity, which have reached billion-dollar valuations. The total valuation of the digital asset space has reached $3.5 trillion, with many of these altcoins experiencing significant increases in value. This surge may be attributed to Bitcoin remaining strong and capital moving into the altcoin sector. The demand for decentralized finance, real-world assets, and metaverse sectors is also contributing to the rise in altcoin prices. The market typically works in phases, with money flowing into Bitcoin, then Ether, and eventually into large-cap altcoins and ETH. Altseason follows, with tokens with strong fundamentals leading the way, followed by mid-cap, small-cap, and micro-cap cryptocurrencies, including meme coins. It is important to exercise caution and seek advice before taking any action in the crypto market.



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