The crypto market has seen a 4% rebound, reaching a total market cap of $3.4 trillion, driven by positive investor sentiment. Bitcoin has closed above $106,000 following productive talks between the U.S. and China, contributing to an overall increase in crypto trading activity, which saw a 39% spike in volumes. With the Fear & Greed Index highlighting 'Greed' and multiple indicators confirming an altcoin season, this report outlines the best cryptocurrencies to consider now. Recent trends show that 47 out of 56 altcoins are currently outperforming Bitcoin, as indicated by the Altcoin Season Index. This pattern suggests an upward trajectory for altcoins if Bitcoin stabilizes, creating a conducive environment for growth. Leading the charge is Pepe coin, which has seen a 10% increase in daily volume attracting short-term traders. Sui also begins to capture attention for its performance enhancements and increasing totals in locked value. In addition, Ethereum and Solana remain prime selections due to their significant market activity and received institutional backers. Historical patterns indicate that during altcoin seasons, we see over 80% of altcoins succeeding ahead of Bitcoin. Improved international relations, Bitcoin's recent upward move, and heightened investor optimism suggest this trend will likely continue.
Crypto Market Rebounds to $3.4 Trillion: Best Altcoins to Buy Now
The crypto market capital gains 4%, with Bitcoin surpassing $106k and 47 altcoins outperforming it, signaling a new altcoin season.
Jamie Bennett
Crypto Analyst
5 min read
4,147
Analysis
Market Sentiment
Bearish
Neutral
Bullish
News Impact
8/10
Credibility: 9/10
Trading Recommendation
ETH
ETH
BUY
Entry Price
$2100
Confidence
850%
Stop Loss
$2000
Take Profit
$2300 - $2400
With the recent confirmation of altseason and positive market sentiment, initiating a buy on Ethereum is warranted.
