Rekt

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 A widely followed crypto analyst says altcoin markets are set to break out.
 Pseudonymous crypto trader Rekt Capital&nbsp;tells&nbsp;his 396,000 followers on the social media platform X that the altcoin market cap is about to blow.
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 “Altcoin market cap is on the cusp of a historic breakout”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GF02DZsbQAAvYQD?format=jpg&amp;name=large" alt="" width="1063" height="499">
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 Source: Rekt Capital/X
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 According to the trader, Ethereum’s (ETH) current run could lead to a wider altcoin rally.
 “This ETH breakout may serve as fuel for the next phase of altcoin rallies”
 ETH is worth $2,432 at time of writing, up 3.7% in the last 24 hours.
 Looking deeper into Ethereum, the analyst&nbsp;says&nbsp;the leading smart contract platform is likely to push back up to a range high.
 “ETH beginning its move, +8% up already
 Looks ready to revisit the range high area once again, over time.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GF00T12boAAK_D3?format=jpg&amp;name=large" alt="" width="1063" height="499">
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 Source: Rekt Capital/X
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 Diving deeper into specific altcoins, the analyst points out that decentralized oracle provider Chainlink (LINK) is falling as ETH competitor Solana (SOL) is rising.
 “Today LINK is dipping whereas SOL is rallying
 Both however are showing signs of top performance in the altcoin market nonetheless
 Previous outperformance precedes a wave of altcoin rallies and this time may be no different.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GF01oRLWIAAcTr_?format=png&amp;name=large" alt="" width="1063" height="499">
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 Source: Rekt Capital/X
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 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GF01o2KaoAAYvIt?format=jpg&amp;name=large" alt="" width="1063" height="499">
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 Source: Rekt Capital/X
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 SOL is worth $102 at time of writing while LINK is trading for $18.76.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-trader-says-altcoin-market-cap-is-about-to-begin-a-historic-breakout-here-s-what-could-set-it-off-tbt79321.html">https://thebittimes.com/crypto-trader-says-altcoin-market-cap-is-about-to-begin-a-historic-breakout-here-s-what-could-set-it-off-tbt79321.html</a>

Crypto Trader Says Altcoin Market Cap Is About To Begin a ‘Historic’ Breakout – Here’s What Could Set It Off

TheBitTimes

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