Crypto Token Tracker logo Crypto Token Tracker logo
Coin Edition 2024-12-24 09:28:46

Altcoins Surge as Bitcoin Dominance Dips: DeFi and AI Tokens Lead

AI tokens NEAR and ICP along with DeFi assets AVAX and LINK skyrocketed in 24 hours. The altcoin market cap crossed the $900 billion mark as BTC dropped to $94K. USUAL surged 34% and MORPHO jumped 22.69%, outperforming the market. Bitcoin (BTC), the market leading digital asset, has crashed to the $94,000 price level after an 11.45% price plunge in the last seven days while the dominance of the digital asset has also crashed to 56.2%, resulting in decentralized finance (DeFi) tokens and artificial intelligence (AI) cryptocurrencies soaring. According to the weekly chart provided by TradingView below, the altcoin trading volume rose significantly as the total market cap of cryptocurrencies other than Bitcoin and Ether rose to $959.64 billion. At the same time, the Fear and Greed Index has dropped to 55 and reads “Neutral.” The weekly Relative Strength Index (RSI) reads a value of 63 which means that the bulls are still in control of the altcoin sector while the MACD indicator is also bullish with the MACD line (blue) still above the signal line (line). The MACD histogram is also significantly bullish. Read also : Altcoin Season Anticipation Grows Desp… The post Altcoins Surge as Bitcoin Dominance Dips: DeFi and AI Tokens Lead appeared first on Coin Edition .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.