Altcoin Roundup: Time to rotate! Data suggests traders are shifting from NFTs to DeFi
Timing the market is near impossible, but these five metrics can help traders identify when a sector rotation is underway.
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Timing the market is near impossible, but these five metrics can help traders identify when a sector rotation is underway.
POLY, BCHA and XYO led altcoins higher after BTC flipped $50,000 to support and ETH hit $4,000.
Trading is “easy” when the trend is upward, but remember that in a bull market, cryptocurrencies take the stairs up and the elevator down.
PRE, ANT and MIOTA lead altcoins higher as increasing bullish momentum has analysts calling for Bitcoin price to overtake $50,000.
A rapidly expanding ecosystem, lucrative staking opportunities and support for NFTs back the strong rebound in ZIL price.
Rising trading volume, investor excitement over the upcoming parachain auctions and the success of KSM, have investors looking at DOT as the next altcoin to hit a new high.
Attractive staking options, gameplay teasers and the overall strength of the NFT sector back the massive rally seen in ILV price.
MTL, RGT and KSM post gains in excess of 36% after the ETH/BTC pair turned bullish and Bitcoin price trades in a range-bound pattern.
FTM gained 500% in the past 6 weeks and a newly launched $320 million incentive program could see the rally extend further.
Newly launched incentive programs and protocol upgrades were followed by 50% rallies in CELO, FTM and KP3R.