While Bitcoin (BTC) seems to be resting and flirting around the $44,000 level, altcoins have been raging in with the rally even further extended to some of the small-cap altcoins. Over the last seven days, the altcoin space has added $100 billion to the broader crypto market.
The Altcoin Market Rally
On Friday, the world’s second-largest crypto Ethereum (ETH) saw a strong rally moving past $2,300 as the Ethereum network gears up for the Dencun hardfork in January 2024. While the ETH price has been moving sideways as of now, analysts believe that the rally can continue further after the recent breakout.
There’s still a lot of upside for #Ethereum after this breakout above a crucial resistance. pic.twitter.com/Elz6yDRewo
— Michaël van de Poppe (@CryptoMichNL) December 8, 2023
On the other hand, Cardano (ADA) has been making massive moves. The ADA price is currently up by a staggering 26% trading at $0.59 with a market cap of $20.9 billion. Over the last week, the ADA price has surg
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