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Bitcoin Bitcoin (BTC) $118,933.40 ↑ 0.77%
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XRP XRP (XRP) $3.22 ↑ 1.59%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.00%
BNB BNB (BNB) $829.77 ↑ 5.78%
Solana Solana (SOL) $187.59 ↑ 1.02%
USDC USDC (USDC) $1.00 ↑ 0.01%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 1.21%
TRON TRON (TRX) $0.32 ↑ 0.03%
Cardano Cardano (ADA) $0.83 ↑ 0.48%
Sui Sui (SUI) $4.35 ↑ 3.72%
Hyperliquid Hyperliquid (HYPE) $43.86 ↑ 0.23%
Stellar Stellar (XLM) $0.44 ↑ 1.07%
Chainlink Chainlink (LINK) $19.03 ↑ 3.05%
Hedera Hedera (HBAR) $0.29 ↑ 3.04%
Bitcoin Cash Bitcoin Cash (BCH) $600.51 ↑ 7.34%
Avalanche Avalanche (AVAX) $25.48 ↑ 1.20%
Litecoin Litecoin (LTC) $113.94 ↓ -0.47%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 0.17%
Toncoin Toncoin (TON) $3.36 ↑ 1.20%
UNUS SED LEO UNUS SED LEO (LEO) $8.97 ↓ -0.17%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.00%
Uniswap Uniswap (UNI) $10.78 ↑ 2.37%
Polkadot Polkadot (DOT) $4.18 ↑ 0.22%
Monero Monero (XMR) $322.86 ↑ 0.49%
Bitget Token Bitget Token (BGB) $4.63 ↑ 1.93%
Dai Dai (DAI) $1.00 ↓ -0.01%
Pepe Pepe (PEPE) $0.00 ↑ 0.67%
Aave Aave (AAVE) $299.08 ↑ 0.91%
Cronos Cronos (CRO) $0.14 ↑ 1.40%
Ethena Ethena (ENA) $0.67 ↑ 12.14%
Bittensor Bittensor (TAO) $430.92 ↑ 0.31%
NEAR Protocol NEAR Protocol (NEAR) $2.92 ↑ 0.25%
Ethereum Classic Ethereum Classic (ETC) $23.05 ↑ 0.68%
Pi Pi (PI) $0.44 ↑ 0.17%
Ondo Ondo (ONDO) $1.05 ↑ 0.33%
Aptos Aptos (APT) $4.87 ↑ 0.95%
Internet Computer Internet Computer (ICP) $5.74 ↑ 0.67%
OKB OKB (OKB) $48.55 ↑ 0.74%
Kaspa Kaspa (KAS) $0.11 ↑ 6.01%
Mantle Mantle (MNT) $0.83 ↑ 3.82%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 4.16%
Bonk Bonk (BONK) $0.00 ↓ -1.39%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 0.57%
Algorand Algorand (ALGO) $0.28 ↑ 1.61%
Arbitrum Arbitrum (ARB) $0.45 ↑ 0.20%
VeChain VeChain (VET) $0.03 ↑ 0.29%
Render Render (RENDER) $4.31 ↑ 1.35%
GateToken GateToken (GT) $17.97 ↑ 1.41%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.00%
Worldcoin Worldcoin (WLD) $1.20 ↑ 2.70%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.30 ↑ 0.71%
Sky Sky (SKY) $0.10 ↑ 0.98%
Sei Sei (SEI) $0.34 ↓ -0.19%
SPX6900 SPX6900 (SPX) $2.13 ↑ 7.68%
Cosmos Cosmos (ATOM) $4.82 ↑ 0.49%
Filecoin Filecoin (FIL) $2.72 ↑ 1.32%
Jupiter Jupiter (JUP) $0.59 ↑ 5.76%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.74 ↑ 0.33%
Flare Flare (FLR) $0.03 ↑ 4.20%
Story Story (IP) $5.48 ↓ -0.40%
Quant Quant (QNT) $128.68 ↑ 4.93%
Injective Injective (INJ) $15.37 ↑ 2.81%
Celestia Celestia (TIA) $2.03 ↑ 3.61%
KuCoin Token KuCoin Token (KCS) $11.51 ↓ -1.09%
XDC Network XDC Network (XDC) $0.09 ↑ 0.42%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.01%
Curve DAO Token Curve DAO Token (CRV) $1.05 ↓ -3.20%
Stacks Stacks (STX) $0.85 ↑ 4.37%
Fartcoin Fartcoin (FARTCOIN) $1.33 ↓ -0.54%
Four Four (FORM) $3.48 ↑ 3.42%
Optimism Optimism (OP) $0.73 ↑ 0.26%
FLOKI FLOKI (FLOKI) $0.00 ↑ 1.11%
Ethereum Name Service Ethereum Name Service (ENS) $31.03 ↑ 2.65%
Immutable Immutable (IMX) $0.60 ↑ 4.14%
dogwifhat dogwifhat (WIF) $1.12 ↑ 3.55%
The Graph The Graph (GRT) $0.11 ↑ 2.91%
PancakeSwap PancakeSwap (CAKE) $3.01 ↑ 8.58%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.58 ↓ -0.23%
Kaia Kaia (KAIA) $0.17 ↑ 1.76%
Lido DAO Lido DAO (LDO) $1.13 ↑ 3.47%
Conflux Conflux (CFX) $0.19 ↑ 4.33%
Sonic Sonic (S) $0.34 ↓ -0.27%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -5.86%
PAX Gold PAX Gold (PAXG) $3,350.72 ↓ -0.18%
Tezos Tezos (XTZ) $0.90 ↓ -0.45%
Vaulta Vaulta (A) $0.58 ↑ 1.45%
Theta Network Theta Network (THETA) $0.91 ↑ 1.79%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.04%
IOTA IOTA (IOTA) $0.22 ↑ 3.73%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 0.34%
Nexo Nexo (NEXO) $1.33 ↑ 1.44%
Raydium Raydium (RAY) $3.13 ↑ 2.65%
Tether Gold Tether Gold (XAUt) $3,342.36 ↓ -0.13%
Gala Gala (GALA) $0.02 ↑ 0.96%
The Sandbox The Sandbox (SAND) $0.32 ↑ 1.74%
Pyth Network Pyth Network (PYTH) $0.14 ↑ 4.32%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↑ 0.28%
Pendle Pendle (PENDLE) $4.40 ↓ -1.21%
Jito Jito (JTO) $2.03 ↑ 1.11%
Bitcoin Bitcoin (BTC) $118,933.40 ↑ 0.77%
Ethereum Ethereum (ETH) $3,832.56 ↑ 2.31%
XRP XRP (XRP) $3.22 ↑ 1.59%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.00%
BNB BNB (BNB) $829.77 ↑ 5.78%
Solana Solana (SOL) $187.59 ↑ 1.02%
USDC USDC (USDC) $1.00 ↑ 0.01%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 1.21%
TRON TRON (TRX) $0.32 ↑ 0.03%
Cardano Cardano (ADA) $0.83 ↑ 0.48%
Sui Sui (SUI) $4.35 ↑ 3.72%
Hyperliquid Hyperliquid (HYPE) $43.86 ↑ 0.23%
Stellar Stellar (XLM) $0.44 ↑ 1.07%
Chainlink Chainlink (LINK) $19.03 ↑ 3.05%
Hedera Hedera (HBAR) $0.29 ↑ 3.04%
Bitcoin Cash Bitcoin Cash (BCH) $600.51 ↑ 7.34%
Avalanche Avalanche (AVAX) $25.48 ↑ 1.20%
Litecoin Litecoin (LTC) $113.94 ↓ -0.47%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 0.17%
Toncoin Toncoin (TON) $3.36 ↑ 1.20%
UNUS SED LEO UNUS SED LEO (LEO) $8.97 ↓ -0.17%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.00%
Uniswap Uniswap (UNI) $10.78 ↑ 2.37%
Polkadot Polkadot (DOT) $4.18 ↑ 0.22%
Monero Monero (XMR) $322.86 ↑ 0.49%
Bitget Token Bitget Token (BGB) $4.63 ↑ 1.93%
Dai Dai (DAI) $1.00 ↓ -0.01%
Pepe Pepe (PEPE) $0.00 ↑ 0.67%
Aave Aave (AAVE) $299.08 ↑ 0.91%
Cronos Cronos (CRO) $0.14 ↑ 1.40%
Ethena Ethena (ENA) $0.67 ↑ 12.14%
Bittensor Bittensor (TAO) $430.92 ↑ 0.31%
NEAR Protocol NEAR Protocol (NEAR) $2.92 ↑ 0.25%
Ethereum Classic Ethereum Classic (ETC) $23.05 ↑ 0.68%
Pi Pi (PI) $0.44 ↑ 0.17%
Ondo Ondo (ONDO) $1.05 ↑ 0.33%
Aptos Aptos (APT) $4.87 ↑ 0.95%
Internet Computer Internet Computer (ICP) $5.74 ↑ 0.67%
OKB OKB (OKB) $48.55 ↑ 0.74%
Kaspa Kaspa (KAS) $0.11 ↑ 6.01%
Mantle Mantle (MNT) $0.83 ↑ 3.82%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 4.16%
Bonk Bonk (BONK) $0.00 ↓ -1.39%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 0.57%
Algorand Algorand (ALGO) $0.28 ↑ 1.61%
Arbitrum Arbitrum (ARB) $0.45 ↑ 0.20%
VeChain VeChain (VET) $0.03 ↑ 0.29%
Render Render (RENDER) $4.31 ↑ 1.35%
GateToken GateToken (GT) $17.97 ↑ 1.41%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.00%
Worldcoin Worldcoin (WLD) $1.20 ↑ 2.70%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.30 ↑ 0.71%
Sky Sky (SKY) $0.10 ↑ 0.98%
Sei Sei (SEI) $0.34 ↓ -0.19%
SPX6900 SPX6900 (SPX) $2.13 ↑ 7.68%
Cosmos Cosmos (ATOM) $4.82 ↑ 0.49%
Filecoin Filecoin (FIL) $2.72 ↑ 1.32%
Jupiter Jupiter (JUP) $0.59 ↑ 5.76%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.74 ↑ 0.33%
Flare Flare (FLR) $0.03 ↑ 4.20%
Story Story (IP) $5.48 ↓ -0.40%
Quant Quant (QNT) $128.68 ↑ 4.93%
Injective Injective (INJ) $15.37 ↑ 2.81%
Celestia Celestia (TIA) $2.03 ↑ 3.61%
KuCoin Token KuCoin Token (KCS) $11.51 ↓ -1.09%
XDC Network XDC Network (XDC) $0.09 ↑ 0.42%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.01%
Curve DAO Token Curve DAO Token (CRV) $1.05 ↓ -3.20%
Stacks Stacks (STX) $0.85 ↑ 4.37%
Fartcoin Fartcoin (FARTCOIN) $1.33 ↓ -0.54%
Four Four (FORM) $3.48 ↑ 3.42%
Optimism Optimism (OP) $0.73 ↑ 0.26%
FLOKI FLOKI (FLOKI) $0.00 ↑ 1.11%
Ethereum Name Service Ethereum Name Service (ENS) $31.03 ↑ 2.65%
Immutable Immutable (IMX) $0.60 ↑ 4.14%
dogwifhat dogwifhat (WIF) $1.12 ↑ 3.55%
The Graph The Graph (GRT) $0.11 ↑ 2.91%
PancakeSwap PancakeSwap (CAKE) $3.01 ↑ 8.58%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.58 ↓ -0.23%
Kaia Kaia (KAIA) $0.17 ↑ 1.76%
Lido DAO Lido DAO (LDO) $1.13 ↑ 3.47%
Conflux Conflux (CFX) $0.19 ↑ 4.33%
Sonic Sonic (S) $0.34 ↓ -0.27%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -5.86%
PAX Gold PAX Gold (PAXG) $3,350.72 ↓ -0.18%
Tezos Tezos (XTZ) $0.90 ↓ -0.45%
Vaulta Vaulta (A) $0.58 ↑ 1.45%
Theta Network Theta Network (THETA) $0.91 ↑ 1.79%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.04%
IOTA IOTA (IOTA) $0.22 ↑ 3.73%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 0.34%
Nexo Nexo (NEXO) $1.33 ↑ 1.44%
Raydium Raydium (RAY) $3.13 ↑ 2.65%
Tether Gold Tether Gold (XAUt) $3,342.36 ↓ -0.13%
Gala Gala (GALA) $0.02 ↑ 0.96%
The Sandbox The Sandbox (SAND) $0.32 ↑ 1.74%
Pyth Network Pyth Network (PYTH) $0.14 ↑ 4.32%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↑ 0.28%
Pendle Pendle (PENDLE) $4.40 ↓ -1.21%
Jito Jito (JTO) $2.03 ↑ 1.11%
Home Cryptocurrency

Altcoin Market at a Turning Point? Analyst Predicts Key Levels for Next Rally

Emma Veress by Emma Veress
29 September 2024
in Cryptocurrency, News
Reading Time: 2 mins read
0
centered around market predictions with a focus on the potential altcoin rally The image features futuristic charts an

In a recent analysis, renowned trader il Capo of Crypto shared his insights on the altcoin market, focusing on the OTHERS chart, which tracks the total market cap of altcoins excluding Bitcoin and Ethereum. According to il Capo, the market is approaching a critical point, with the current value of the OTHERS chart hovering around $232 billion. A breakthrough above $250 billion, he suggests, could confirm the start of a new bullish phase for smaller altcoins.

Table of Contents

Toggle
  • What’s Next for Altcoins?
    • YOU MAY BE INTERESTED
    • Official Trump Price Prediction: Up 733%, But Can It Beat Troller Cat’s 6,000% Moon Math?
    • Speculation Is High for These 5 Top Meme Coins – Is the Best Upcoming Crypto in 2025 on This Lineup?
  • Understanding the OTHERS Chart
  • Bitcoin’s Role in Altcoin Movements
  • Key Takeaways for Investors

What’s Next for Altcoins?

Since March, the altcoin market has been in a downward trend, but recent price movements suggest a possible reversal. Il Capo of Crypto believes the bull market has entered a pivotal stage, with altcoins now testing a new resistance level. If the market can break through this resistance, particularly the $250 billion mark, it could trigger the second confirmation of the bull market.

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Il Capo notes that while October has historically been positive for cryptocurrencies, a short-term correction could occur as Bitcoin potentially tests the $65,000 level. This correction, however, would likely serve as a buying opportunity for altcoins in the long term.

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showcasing the potential rally in the altcoin market focusing on the OTHERS chart and Bitcoin The image includes digit

Understanding the OTHERS Chart

The OTHERS chart represents the total market capitalization of altcoins, excluding major players like Bitcoin and Ethereum. This chart is crucial for investors looking to gauge the strength of smaller altcoins and the overall market sentiment. A rise above the $250 billion level would indicate increasing demand for riskier assets, signaling greater confidence in the market.

Il Capo emphasizes that crossing the $250 billion mark would likely lead to a stronger rally for altcoins. Investors could see this as a signal of growing market participation, which could result in more significant price movements across the altcoin market.

Bitcoin’s Role in Altcoin Movements

As Bitcoin continues to lead the broader cryptocurrency market, its price movements have a direct impact on altcoins. Il Capo of Crypto predicts that Bitcoin will test the $65,000 level soon, and if this happens, it could create buying opportunities for altcoin investors.

The close correlation between Bitcoin’s performance and the rest of the market means that a successful support level at $65,000 could send positive signals to the altcoin market, sparking renewed interest and price rallies.

Key Takeaways for Investors

While the altcoin market shows potential for growth, il Capo of Crypto advises caution, especially with the likelihood of short-term corrections. Investors should monitor Bitcoin and altcoin price movements closely to time their market entries effectively. The $250 billion level on the OTHERS chart remains the key indicator for a stronger altcoin rally.

Tags: altcoin marketaltcoin rallybitcoinbull marketOTHERS Chart
Previous Post

Bull Market Enters Phase Two: Bitcoin and These Two Altcoins Set for Major Gains

Next Post

Major Selling Pressure Looms: SUI Coin and 2 Other Altcoins Unlock Tokens

Emma Veress

Emma Veress

Finance Writer Hello there! My name is Emma, and I'm a daily breaking news journalist covering finance, economics, and crypto on a global scale. I graduated from Eötvös Loránd University with a degree in Communication and Media Studies MA, where I gained a passion for storytelling and analysis. As a journalist, I'm dedicated to providing my readers with accurate and timely news on financial and economic events happening around the world. I believe that by delivering high-quality journalism, I can help people make informed decisions about their finances and investments.

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