Kaspa

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Strong

Avalanche

<ul>
 <li><strong>Solana hit a six-month high with an 18% surge in 24 hours.</strong></li>
 <li><strong>The global market cap is down 1.01%, and Bitcoin’s dominance is</strong> <strong>at 51%.</strong></li>
</ul>
<p>In a tale of contrasting halves, the crypto market underwent a rollercoaster ride for the first three quarters of 2023, with a downturn that seemed unrelenting. However, the last quarter heralded a wave of optimism, as the market saw a resurgence in bullish sentiment. Notably, top coins like Bitcoin and <a href="https://thenewscrypto.com/ethereum-falls-below-2000-amidst-market-correction/" rel="noopener noreferrer nofollow">Ethereum</a> finally breached long-awaited resistance levels, surpassing $35K and $2K, respectively. Following suit, altcoins also stepped up, challenging the prolonged bearish trend.</p>
<p>The current market signals a slight bearish trend, recent dynamics showed a 1.01% decrease in the global market cap over the last day. Bitcoin’s dominance, at 50.77%, saw a 0.34% decrease in the same period.&nbsp;</p>
<p>Despite this, the total crypto market volume in the last 24 hours surged to $66.14B, marking a notable 7.26% increase. DeFi contributed significantly, accounting for $7.44B, which constitutes 11.25% of the total crypto market volume. Stablecoins, on the other hand, held a significant portion at $58.75B, comprising 88.83% of the total crypto market volume in the last 24 hours.</p>
<p>Amidst this volatile landscape, certain altcoins have soared to new heights, making waves within the crypto sphere.</p>
<h3 class="wp-block-heading" id="solana-sol">Solana (SOL)</h3>
<p>Solana, one of the prominent altcoins in the top ten cryptocurrencies by market capitalization, recently hit a six-month high of $63. While experiencing volatility within the $52 to $59 range the past two days, the coin saw an astonishing 18% surge in the last 24 hours, once again touching the six-month high. During this surge, market capitalization soared by 19%, accompanied by a 15% increase in trading volume.</p>
<p>Interestingly, this bullish turn coincided with the transfer of 250,000 SOL tokens (worth&nbsp;approximately $14 million) by FTX to the Kraken crypto exchange on Nov. 13.</p>
<p>Technical analysis of recent movements signals a bullish trajectory on the daily chart, with the 9-day exponential moving average (EMA) positioned below the current trading price at $53. However, caution is warranted as the daily relative strength index (RSI) stands at 81, indicating an overbought condition.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="780" height="566" src="https://thenewscrypto.com/wp-content/uploads/2023/11/solana.jpg" alt="" class="wp-image-85739" srcset="https://thenewscrypto.com/wp-content/uploads/2023/11/solana.jpg 780w, https://thenewscrypto.com/wp-content/uploads/2023/11/solana-300x218.jpg 300w, https://thenewscrypto.com/wp-content/uploads/2023/11/solana-768x557.jpg 768w, https://thenewscrypto.com/wp-content/uploads/2023/11/solana-150x109.jpg 150w" sizes="(max-width: 780px) 100vw, 780px">
  <figcaption class="wp-element-caption">
   SOL Price Chart, Source: TradingView
  </figcaption>
 </figure>
</div>
<h3 class="wp-block-heading" id="avalanche-avax">Avalanche (AVAX)</h3>
<p>Another standout altcoin, Avalanche, <a href="https://coinmarketcap.com/currencies/avalanche/" rel="noopener noreferrer nofollow">surged</a> to a seven-month high of $20, marking an impressive 113% increase in value over the past 30 days. In the last 24 hours alone, the trading volume surged by 54%.</p>
<p>The surge in TVL (Total Value Locked) and DEX (Decentralized Exchange) volumes on Avalanche has been a notable factor in this surge. As TVL grows, it contributes more income and fees to the network, thereby enhancing its success. This surge in TVL indicates a growing user base, a positive indicator for traders.</p>
<p>Analyzing recent movements, the daily chart suggests a bullish trajectory, with the 9-day exponential moving average (EMA) positioned below the current trading price at $16. However, caution is advised as the daily RSI stands at 89, signifying an overbought condition.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full is-resized"><img decoding="async" width="775" height="564" src="https://thenewscrypto.com/wp-content/uploads/2023/11/avax.jpg" alt="" class="wp-image-85744" style="aspect-ratio:1.374113475177305;width: 100%;height:auto" srcset="https://thenewscrypto.com/wp-content/uploads/2023/11/avax.jpg 775w, https://thenewscrypto.com/wp-content/uploads/2023/11/avax-300x218.jpg 300w, https://thenewscrypto.com/wp-content/uploads/2023/11/avax-768x559.jpg 768w, https://thenewscrypto.com/wp-content/uploads/2023/11/avax-150x109.jpg 150w" sizes="(max-width: 775px) 100vw, 775px">
  <figcaption class="wp-element-caption">
   AVAX Price Chart, Source: TradingView
  </figcaption>
 </figure>
</div>
<h3 class="wp-block-heading" id="kaspa-kas">Kaspa (KAS)</h3>
<p>Kaspa, ranking among the top 35 cryptocurrencies by market capitalization, recently <a href="https://coinmarketcap.com/currencies/kaspa/" rel="noopener noreferrer nofollow">reached</a> an all-time high of $0.107, surging by 26% in the past 24 hours. During this time frame, trading volume surged by 85%, paralleled by a 26% increase in market capitalization.</p>
<p>This surge, which was initiated a week ago, marked a remarkable 48% increase over the past seven days, capturing investors’ attention. Notably, Kaspa made a successful entry into the South Korean market, further underscoring its growing popularity among cryptocurrency traders and investors.</p>
<p>Analyzing recent movements, the daily chart indicates a bullish trajectory, with the 9-day exponential moving average (EMA) positioned below the current trading price at $0.86210. However, it’s crucial to note that the daily RSI stands at 80, signaling an overbought condition.</p>
<figure class="wp-block-image size-full"><img decoding="async" width="809" height="577" src="https://thenewscrypto.com/wp-content/uploads/2023/11/Kaspa.jpg" alt="" class="wp-image-85747" srcset="https://thenewscrypto.com/wp-content/uploads/2023/11/Kaspa.jpg 809w, https://thenewscrypto.com/wp-content/uploads/2023/11/Kaspa-300x214.jpg 300w, https://thenewscrypto.com/wp-content/uploads/2023/11/Kaspa-768x548.jpg 768w, https://thenewscrypto.com/wp-content/uploads/2023/11/Kaspa-150x107.jpg 150w" sizes="(max-width: 809px) 100vw, 809px">
 <figcaption class="wp-element-caption">
  KAS Price Chart, Source: TradingView
 </figcaption>
</figure>

Altcoins Rally: SOL, AVAX, and KAS Showcase Strong Performances

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