The cryptocurrency market is on the rise, with most of the top coins showing growth during this latest rally. Among the top 10 cryptocurrencies, Dogecoin has seen the biggest jump in the past week, rising by 24.9%. Cardano is close behind, experiencing a similar increase. However, a new report suggests that not all cryptocurrencies may continue to climb during this current market cycle. Here are some key points you need to know!
In the last 24 hours, the entire crypto market has grown by 0.1%. Bitcoin saw a 1.6% increase, while Ethereum grew by 3.3%. The meme coin market went up by 1.3%, and AI-related tokens gained 0.4%. While most top cryptocurrencies have been growing over the past week, they’re not all growing at the same pace. Some coins like BNB and XRP have only risen slightly, by 3.9% and 6.1% respectively. On the other hand, Dogecoin, Cardano, and Solana are showing much stronger growth of 24.9%, 24.8%, and 22.3%.
According to the report, if you carefully examine data, narratives, fundamentals, technical indicators, and market trends, you can pick out which cryptos are likely to perform best.
Raydium has been the top performer this week with a huge rise of 60.1%. Neiro follows with a growth of 55.7%, and Cronos comes in third with a gain of 42.6%. Ethena and Aave have also seen strong growth, rising by 37.4% and 26.8% respectively. Among the major cryptocurrencies, Dogecoin leads with its 24.9% surge, followed closely by Cardano (24.8%) and Solana (22.3%).
The report suggests that cryptocurrencies which haven’t grown by at least 10% over the last week might not do as well in this bullish market phase. It advises investors to focus on coins with strong growth potential to make the most of this rally.
In conclusion, as the crypto market continues to rally, keeping an eye on the top-performing coins is key for investors aiming to maximize their returns.