Here are Today's Altcoins that Diverged from Bitcoin and Experienced Sharp Increases!
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We have come to the end of another day in the cryptocurrency sector, dominated by a bull trend. Although the leading cryptocurrency Bitcoin (BTC) and the leading altcoin Ethereum (ETH) did not experience any significant gains today, some altcoins saw significant surges.
Bitcoin appears to have accumulated around the $30,000 level today. Bitcoin's ability to hold onto these levels for a while longer could enable it to break the $31,000 resistance and rise to the range of $36,000 to $40,000.
For the positive trend in altcoins to continue, the dominance of BTC needs to decline. If Bitcoin's dominance falls below 50%, it could lead to significant surges in altcoins.
Which Altcoins Experienced Significant Increases Today?
According to data from KuCoin, one of the world's largest cryptocurrency exchanges in terms of trading volume, the altcoin that experienced the biggest surge today is Serum (SRM).
After the collapse of FTX, SRM experienced a major downturn but seems to be slowly recovering. SRM gained over 50% in the last 24 hours.
In addition to SRM, the following altcoins also saw notable increases:
"opct, ai, bond, and xeta"
Will the upward trend in altcoins continue the coming days? That remains to be seen.
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