Hottest Altcoins to Buy as Solana, XRP, and Dogecoin Rally
The post Hottest Altcoins to Buy as Solana, XRP, and Dogecoin Rally appeared on BitcoinEthereumNews.com.
$XRP broke above the $2.80 resistance level to rally to nearly $3.60, nearly exceeding its previous all-time high of $3.84. $XRP’s performance occurred amid a weekly inflow of $36M and over $2B in Assets Under Management (AUM), placing the asset just below Bitcoin and Ethereum. Solana is also seeing sustained gains, with a 25.42% growth over the past week, which propelled $SOL above the $200 mark, where it still is at the time of writing this article. Once the $200 resistance point is broken, we could see a $250 valuation during a rapid surge. $DOGE is experiencing a similar growth rate, after packing a 39.29% surge over the past seven days, which took it close to $0.29. But why are these coins rallying, and what does this indicate about the crypto market overall? How $XRP, $SOL, and $DOGE’s Performance May Precede Altcoin Rally 3.0 XRP’s chart performance might indicate more than a temporary spike; according to crypto analysts like Altcoin Buzz, it could signal the start of a new Altcoin Season, with Bitcoin’s stagnation being the first sign. Simply put, Bitcoin’s dominance broke down, putting an end to November 2024’s rising edge, which, based on historical data, signals the beginning of an altseason. That’s because investors always turn to altcoins when Bitcoin begins to lose momentum, and this is what we’re seeing now. This explains why, while Bitcoin hovers around the $118K-$119K zone, coins like $XRP, $DOGE, and $SOL break resistance points and see sustained momentum over the past several days. And it’s not just these three that face upward price pressure. Ethereum is in a similar position after a 24% seven-day surge, which, according to analyst Merlijn The Trader, is a retesting of the 50-week Moving Average (MA). This pattern led to an $ETH rally in 2020, so it’s…
