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<p>Alephium (ALPH) has seen tremendous price growth recently, surging 15% in 24 hours, 36% in the past 7 days, and a whopping 140% over the past 4 weeks. What is driving this cryptocurrency’s meteoric rise in value? An examination of Alephium’s onchain activity and fundamentals suggests there is still room for further upside.</p>
<h2 class="wp-block-heading" id="bullish-onchain-signals">Bullish Onchain Signals</h2>
<p>Several crypto influencers have taken note of Alephium’s soaring price and strong onchain signals, predicting even more growth ahead.</p>
<p><a href="https://twitter.com/TheOwlyEagle/status/1743101108812185942?t=Y9CO1Y0p5Bi9CwGq-PVzTg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">As <strong>OwlyEagle</strong> stated</a> on Twitter: “<strong>$50-$90 main target for $ALPH. Moon case = $200. Fundamentals, and once the project’s vision is executed, I see this easily competing with Solana &amp; Ethereum.</strong>“</p>
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<p>Meanwhile, <strong><a href="https://twitter.com/crypticbandito/status/1743050132713553983?t=SGjS6lAxfvY2t9w3EJwxyw&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">אCrypticbanditoא</a></strong> highlighted Alephium’s surging popularity, tweeting: “#Alephium has gained almost 1000 people on the @coingecko watchlist in the past 24 hours, while also appearing on the most searches, and biggest gainers highlights list. $ALPH is BULLISH!”</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="919" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-117-1024x919.png" alt="" class="wp-image-413984" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-117-1024x919.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-117-300x269.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-117-767x689.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-117-1536x1379.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-117-2048x1839.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-117-167x150.png 167w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-117-100x90.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-117-390x350.png 390w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-117-788x707.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-117.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<h2 class="wp-block-heading" id="why-are-investors-so-bullish-on-alephium">Why Are Investors So Bullish on Alephium?</h2>
<p>What exactly about Alephium has investors so excited? There are several key factors driving bullish sentiment:</p>
<p><strong>Developer-Friendly Platform:</strong> Alephium bills itself as a developer-friendly platform for building decentralized applications (dApps), with an emphasis on accessibility, scalability, and security. This makes it appealing for crypto developers looking for alternatives to Ethereum.</p>
<p><strong>Unique Technical Design:</strong> Alephium combines sharding, expressive UTXOs, and a Proof-of-Less-Work consensus mechanism to improve scalability and security. This innovative design stands out from competitors.</p>
<p><strong>Strong Fundamentals:</strong> As <strong>OwlyEagle</strong> notes, most of Alephium’s supply has already been distributed, meaning less chance of major dumps. The developers also sold tokens early to fund ongoing work, instilling confidence.</p>
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<h2 class="wp-block-heading" id="bull-run-just-getting-started">Bull Run Just Getting Started</h2>
<p>With Alephium’s combination of innovative technology, appealing developer pitch, and strong tokenomics, crypto influencers firmly believe its price run still has ample runway for growth.</p>
<p>As <strong>OwlyEagle</strong> succinctly puts it: “Being proof of work, I don’t expect any big dumps.”</p>
<p>In other words, Alephium’s fundamentals suggest this bull run is just getting started. A surge to $50+ seems plausible in the near term, with the “moon case” being a rise to $200 per ALPH if the project succeeds long-term in competing with major platforms like Ethereum and Solana.</p>
<p>So far, onchain data indicates Alephium has found strong product-market fit and has room to run. This is why ALPH continues trending up among the biggest gainers – investors are betting this altcoin still has major upside ahead.</p>
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<p>The post <a href="https://captainaltcoin.com/why-is-alephiums-alph-price-surging-onchain-activity-suggests-further-growth-potential/" rel="noopener noreferrer nofollow">Why Is Alephium’s ALPH Price Going Up? Fundamentals Suggest Price Still Has Room for Growth After +140% in 4 Weeks</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Is Alephium’s ALPH Price Going Up? Fundamentals Suggest Price Still Has Room for Growth After +140% in 4 Weeks

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