Bitcoin (BTC) saw a drop to $95,000, hitting a daily low of $94,525. The future trajectory of this decline remains unclear, following a consistent increase after election results. Experts are closely monitoring predictions for the altcoin market as it faces potential shifts.
What are the Trends for Altcoins?
Ethereum’s (ETH) surge past $3,500 has sparked optimism among altcoin enthusiasts. The recovery in the ETHBTC trading pair suggests that Bitcoin might be loosening its control, indicating a potential bullish phase for altcoins could soon begin.
How Are AGX and ZK Coins Expected to Perform?
Notable altcoins like AGX and ZK Coin are currently under the spotlight. Analyst LSD has reported that AGX is poised for an upward movement, with a target price set at $0.20, up from its current price of $0.136. If it can maintain above $0.0783, further gains are likely.
- Bitcoin remains on a historical upward path through autumn months.
- Ethereum’s strength boosts the ETHBTC pair, beneficial for altcoins.
- AGX and ZK Coin show promising upward potential with strategic pricing targets.
Currently, the cryptocurrency market holds a total value of about $3.27 trillion, with over $214 billion traded. Despite BTC’s declining market dominance, Ethereum continues to show resilience, influencing the prospects for altcoin gains. As of now, Bitcoin experienced a 1% drop while Ethereum recorded a 4% increase. The forthcoming daily closures will reveal whether anticipated altcoin gains come to fruition.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/bitcoin-hits-new-lows-altcoins-rally-ahead