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Cryptocurrency expert names digital assets ready for strong growth

6:50 pm, February 9, 2024

A cryptocurrency trader known as Rekt Capital tells his 396,000 followers on the X platform that altcoins are ready to break through the price ceiling.

«The altcoin market capitalization is on the verge of a historic breakthrough,» the expert writes.

According to the trader, the current growth of Ethereum ETH $2,991.80 Ethereum -4.74% Market capitalization $359.6 billion VOL. 24 hours $2.67 billion could lead to a dynamic rally of altcoins.

The analyst also says that the leading smart contract platform is likely to return to the high of the range if we look at Ethereum more deeply:

«ETH is starting to move, already up 8%.

It looks like it’s ready to go back to the highs of the range again over time."

Diving deeper into specific altcoins, the analyst notes that the decentralized oracle provider Chainlink LINK $12.32 Chainlink -6.05% Market capitalization $7.49 billion VOL. 24 hours $98.11 million is falling, while ETH competitor Solana SOL $134.76 Solana -0.04% Market capitalization $62.38 billion VOL. 24 hours $1.04 billion is growing:

«Today, LINK is falling while SOL is rising.

Both, however, are showing signs of being the best performers in the altcoin market.«

Earlier, Rekt Capital expressed optimism about SOL’s potential for significant growth. The crypto expert emphasized the importance of the coin’s potential drop into the $ 98.98 range, suggesting that such events could serve as an opportunity to update the old range low. This, in turn, could pave the way for a potential rally, with a target of $ 115.

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BTC

$56,536.26

-2.88%

ETH

$2,991.80

-4.74%

BNB

$498.30

-5.03%

XRP

$0.43

-4.10%

SOL

$134.76

-0.04%

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