Blue-chip cryptocurrencies are experiencing significant gains, with some seeing increases of up to 16% in 24 hours and 30% in a week. This bullish performance is contributing to the overall momentum of the market, as many anticipate a full-on bull market in 2024. Factors that could drive this potential bull market include the formal approval of Bitcoin ETFs by the SEC, rate cuts by the Fed, and the upcoming Bitcoin halving in April.
Bitcoin itself is relatively stable for the day but has seen a rise of 12.5% in a week and 159% in the last 12 months, reaching $43,500. Additionally, the completion of Ripple’s case with the SEC next year is expected to bring further clarity and optimism to the industry.
Among the top crypto gainers today on DEXTools are PEPEFace (PPFace), Gemini (GEMINI), and Sect Bot (SECT). PPFace experienced a significant increase of 762% in the past 24 hours after a previous collapse. GEMINI has gained by 19,000% in the same period, while SECT has seen a 3,700% increase.
While these tokens present potential opportunities for traders, caution is advised due to their volatility and risks. Alternatively, there are other altcoins with more solid fundamentals and use cases that traders may consider for market-beating gains. Two examples are Bitcoin ETF Token (BTCETF) and Meme Kombat (MK), which have raised significant amounts in their presales and offer unique features and deflationary tokenomics.
In conclusion, while there are top crypto gainers on DEXTools that present opportunities for traders, it’s important to weigh the risks and consider alternative cryptocurrencies with stronger fundamentals. BTCETF and MK are two promising projects worth watching as they prepare for launch and listing on exchanges.
Hot Take: Promising Altcoins Worth Watching
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