Rally

Polkadot

Algorand

Fantom

KILT Protocol

Crypto market witnesses a surge over the weekend. Altcoins record significant gains. The rally is not just due to market speculation.
The cryptocurrency market saw a rise over the weekend as investors continued to embrace risk, resulting in significant gains in various altcoins. Although attention is usually focused on leading cryptocurrencies such as <a href="https://en.coin-turk.com/will-bitcoin-btc-be-able-to-maintain-its-strong-position-against-the-dollar/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> and Ethereum, this recent rally was particularly favorable for altcoins focused on speed and utility. At this point, consulting giant The Motley Fool focused on the factors of the last rally. Let’s look at the details.
<h2 style="text-align: justify" id="altcoins-take-center-stage-in-weekend-rally">Altcoins Take Center Stage in Weekend Rally</h2>
As the weekend progressed, the crypto market experienced notable momentum and altcoins led this rise. Blockchain-focused tokens emphasizing speed and utility recorded significant value increases. Among those who exhibited notable performance during this rally, Algorand (ALGO) increased by 10.3%, Fantom (FTM) by 11.5%, <a href="https://en.coin-turk.com/avalanche-avax-overcomes-major-resistance-but-momentum-may-be-fading/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Avalanche</a> (AVAX) by 13.4% and Polkadot (DOT) by 6.8%.
<img decoding="async" class="wp-image-286957 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/altcoinler-cointurk.webp" alt="" width="1422" height="800">
According to The Motley Fool, the increase in altcoins is not just due to market speculations, it is also supported by significant developments in the field of cryptocurrency. Deloitte’s collaboration with the KILT Protocol on the Polkadot Blockchain, setting up a “Know Your Customer” and “Know Your Cargo” system for the shipping industry, exemplifies this trend.
In this context, the increasing focus on layer-2 Blockchains and those designed for speed and efficiency has become a driving force for tokens such as ALGO, FTM, AVAX, and DOT.
<h2 style="text-align: justify" id="regulatory-environment-and-market-dynamics">Regulatory Environment and Market Dynamics</h2>
Cryptocurrencies contributed to the positive atmosphere in the market by benefiting from a more favorable regulatory environment. Regulatory developments in countries such as Singapore, Venezuela, and the UK, combined with the lack of decisive action in the US, created a positive atmosphere for cryptocurrencies. The ongoing legal struggles of the US Securities and Exchange Commission and the evolving regulatory environment globally support the growth of the industry.
According to the consulting giant, while the current crypto boom provides impressive returns, it has become very important for investors to approach the market cautiously. According to The Motley Fool, as cryptocurrencies continue to be a high-risk asset class, the current positive trend may not be sustainable in the long term. The company also issues a warning:
<blockquote>
 The recent influx of <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">money</a> into the sector undoubtedly pulled values even higher. However, investors should also take into account the utility and purpose of each token. Tokens with no clear benefit beyond speculative trading pose increasing risks, as seen in previous market downturns.
</blockquote> Continue Reading: <a href="https://en.coin-turk.com/altcoins-lead-the-rally-over-the-weekend-in-the-crypto-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/altcoins-lead-the-rally-over-the-weekend-in-the-crypto-market/</a>

Altcoins Lead the Rally Over the Weekend in the Crypto Market

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