{"id":172146,"date":"2024-09-25T11:59:14","date_gmt":"2024-09-25T11:59:14","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=172146"},"modified":"2024-09-25T11:59:18","modified_gmt":"2024-09-25T11:59:18","slug":"altcoins-over-bitcoin-traders-shift-to-high-reward-coins-as-ethereum-recovers","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/altcoins-over-bitcoin-traders-shift-to-high-reward-coins-as-ethereum-recovers\/","title":{"rendered":"Altcoins Over Bitcoin? Traders Shift to High-Reward Coins as Ethereum Recovers"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Shift to Altcoins<\/span><\/strong><span data-preserver-spaces=\"true\">: As Bitcoin stabilizes, traders <\/span><span data-preserver-spaces=\"true\">are moving<\/span><span data-preserver-spaces=\"true\"> to high-reward altcoins, driven by Bitcoin\u2019s price stability and the potential for faster profits from smaller coins.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Ethereum\u2019s Recovery<\/span><\/strong><span data-preserver-spaces=\"true\">: Ethereum is leading the altcoin resurgence with significant weekly revenues, boosting market dominance and encouraging investment in other promising altcoins.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Market Dynamics<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">: The shift from Bitcoin to altcoins is influenced by falling stablecoin and Bitcoin dominance, creating a favorable environment for altcoins to thrive.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">As <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/what-is-bitcoin\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Bitcoin<\/span><\/a><span data-preserver-spaces=\"true\"> (BTC) consolidates within a narrow trading range, savvy crypto traders <\/span><span data-preserver-spaces=\"true\">are shifting<\/span><span data-preserver-spaces=\"true\"> their focus to high-reward altcoins.<\/span><\/strong><span data-preserver-spaces=\"true\"> This trend is driven by Bitcoin\u2019s recent price stability, which has historically set the stage for altcoins to rally. <\/span><!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Savvy Crypto Traders Are Betting on These Altcoins \u2014Are You Missing Out?<\/p>\n<p>Trading volumes for altcoins have surged, and there&#39;s been a significant shift away from Bitcoin<\/p>\n<p>\ud83d\udc471-12) One of the most crucial elements of successful investing is recognizing when market themes and\u2026<\/p>\n<p>&mdash; 10x Research (@10x_Research) <a href=\"https:\/\/twitter.com\/10x_Research\/status\/1838840497684783361?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">September 25, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The current market dynamics show a significant increase in trading volumes for altcoins, as traders seek faster profits from smaller coins. <\/span><span data-preserver-spaces=\"true\">Bitcoin has been on a downward trajectory, marked by four successive lower peaks since March. However, <\/span><strong><span data-preserver-spaces=\"true\">10x Research <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/mail.10xresearch.co\/p\/savvy-crypto-traders-are-betting-on-these-altcoins-are-you-missing-out?draft=true\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">suggests <\/span><\/a><span data-preserver-spaces=\"true\">that surpassing the $65,000 mark could signal the end of this downward trend.<\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Analysts suggest that if BTC breaks through this key threshold, it could soar past $70,000, potentially setting new records in the fourth quarter. This surge might be driven by a growing appetite for high-risk, high-reward investments.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Ethereum Leads the Charge<\/span><\/h2>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Ethereum (ETH) is at the forefront of this altcoin resurgence. <\/span><strong><span data-preserver-spaces=\"true\">After months of underperformance, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/what-is-ethereum\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Ethereum<\/span><\/a><span data-preserver-spaces=\"true\"> is showing signs of recovery<\/span><\/strong><span data-preserver-spaces=\"true\">, with weekly revenues reaching $21 million, the highest since June 2024. This recovery is boosting Ethereum\u2019s dominance in the market, encouraging traders to invest in other promising altcoins.<\/span><\/p>\n<p style=\"text-align: justify\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-172149\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/09\/SeiTaoEna.jpg\" alt=\"Altcoins Over Bitcoin? Traders Shift to High-Reward Coins as Ethereum Recovers\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/09\/SeiTaoEna.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/09\/SeiTaoEna-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/09\/SeiTaoEna-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Top Altcoins to Watch<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">According to 10x Research,<\/span><\/strong><span data-preserver-spaces=\"true\"> several altcoins are gaining traction among traders. <\/span><strong><span data-preserver-spaces=\"true\">Notable mentions include TAO, ENA, SEI, APT, SUI, NEAR, and GRT. <\/span><\/strong><span data-preserver-spaces=\"true\">These altcoins <\/span><span data-preserver-spaces=\"true\">are attracting<\/span><span data-preserver-spaces=\"true\"> attention due to their high-reward potential and recent positive performance. For instance, <\/span><strong><span data-preserver-spaces=\"true\">TAO,<\/span><\/strong><span data-preserver-spaces=\"true\"> a decentralized finance (DeFi) app, <\/span><strong><span data-preserver-spaces=\"true\">has seen a remarkable 76% increase in <\/span><span data-preserver-spaces=\"true\">just<\/span><span data-preserver-spaces=\"true\"> the last week<\/span><\/strong><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Market Dynamics and Predictions<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The shift from Bitcoin to altcoins <\/span><span data-preserver-spaces=\"true\">is<\/span><span data-preserver-spaces=\"true\"> also influenced by the falling dominance of stablecoins and Bitcoin itself<\/span><\/strong><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> This change in market dynamics is creating a favorable environment for altcoins to thrive. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Markus Thielen<\/span><strong><span data-preserver-spaces=\"true\">,<\/span><\/strong><span data-preserver-spaces=\"true\"> Head of Research at 10x Research, highlights that if Bitcoin breaks past the $65,000 resistance level, it could signal a comeback, potentially pushing its price to new all-time highs.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">As Bitcoin consolidates, the altcoin market is experiencing a surge in interest and investment. Ethereum\u2019s recovery is leading this charge, with several high-reward altcoins showing significant gains. Traders are advised to keep an eye on these altcoins as the market <\/span><span data-preserver-spaces=\"true\">continues to evolve<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Shift to Altcoins: As Bitcoin stabilizes, traders are moving to high-reward altcoins, driven by Bitcoin\u2019s price stability and the potential for faster profits from smaller coins. Ethereum\u2019s Recovery: Ethereum is leading the altcoin resurgence with significant weekly revenues, boosting market dominance and encouraging investment in other promising altcoins. Market Dynamics: The shift from Bitcoin &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Altcoins Over Bitcoin? Traders Shift to High-Reward Coins as Ethereum Recovers\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/altcoins-over-bitcoin-traders-shift-to-high-reward-coins-as-ethereum-recovers\/#more-172146\" aria-label=\"More on Altcoins Over Bitcoin? Traders Shift to High-Reward Coins as Ethereum Recovers\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":172150,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[100,73,74,9156],"tags":[4586,4602,5536,4679],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172146"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=172146"}],"version-history":[{"count":2,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172146\/revisions"}],"predecessor-version":[{"id":172151,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172146\/revisions\/172151"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/172150"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=172146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=172146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=172146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}