Based

Solana

Chainlink

Avalanche

Note

<p>The post <a href="https://coinpedia.org/price-analysis/ethereum-avalanche-and-solana-share-the-spotlight-in-crypto-investment-growth/">Ethereum, Avalanche, and Solana Share the Spotlight in Crypto Investment Growth</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The cryptocurrency market has continued to attract more cash inflows from all over the world. According to a weekly report from CoinShares, cash inflows to crypto investment products reached $2.45 billion last week, thus bringing the year-to-date inflows to around $5.2 billion. While 99 percent was designated for Bitcoin (BTC), the rest was shared among Ethereum (ETH), Avalanche (AVAX), and Solana (SOL).</p> 
<h2 class="wp-block-heading" id="h-crypto-confidence-on-the-rise">Crypto Confidence on the Rise</h2> 
<p>The confidence in the confirmed crypto bull market has significantly increased in the past few weeks. Moreover, Bitcoin price closed above $52,000 for the first time in more than two years. Additionally, Ethereum price has teased $3,000 for the first time since the beginning of the 2022/2023 crypto bear market. Most importantly, the total crypto market capitalization has crossed $2 trillion and sustained in the past few days.</p> 
<h2 class="wp-block-heading" id="h-cautionary-note">Cautionary Note</h2> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f62e.png" alt="😮" class="wp-smiley" style="height: 1em; max-height: 1em;"> A major increase in money has been entering into <a href="https://twitter.com/hashtag/cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw">#cryptocurrency</a>, which should be a surprise to no one. Notably, there has been a dramatic increase in the speculation of derivatives in <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a> as market caps have risen significantly the past 4 months. With <a href="https://t.co/arM5nxCMlY">pic.twitter.com/arM5nxCMlY</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1759698009372475866?ref_src=twsrc%5Etfw">February 19, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>According to on-chain data analysis provided by Santiment, the majority of crypto assets have registered heightened open interest (OI) in the past few weeks. Specifically, Bitcoin has crossed the $10 billion mark for the first time since July 2022. Similarly, the altcoin market led by Ethereum, Solana, and Chainlink (LINK) has experienced a significant uptick in Open Interest.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9ee.png" alt="🧮" class="wp-smiley" style="height: 1em; max-height: 1em;"> Based on average trading returns, many assets have seen understandably high profits since markets began booming all the way back in mid-October, 2023. Outside of a few lagging <a href="https://twitter.com/hashtag/altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#altcoins</a>, the vast majority of <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a> projects have generated profits for the average <br><br>(Cont) <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/ziKhzmcz1v">pic.twitter.com/ziKhzmcz1v</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1759778868662350301?ref_src=twsrc%5Etfw">February 20, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>With the majority of the crypto assets having registered notable gains since last October’s breakout, Santiment highlighted that several indicators are pointing to an overbought situation. Based on the Market-Value-to-Realized-Value (MVRV) indicator, Santiment noted that the crypto market has entered a possible reversal zone after four months of a winning streak.&nbsp;</p> 
<p>Nevertheless, the crypto market could easily continue on a bullish outlook amid heightened demand from institutional investors and retail traders.</p>

Ethereum, Avalanche, and Solana Share the Spotlight in Crypto Investment Growth

Obsah

CoinPedia News

Ďalšie články zverejnené 20. 2. 2024

Worldcoin (WLD) Just Added 170% To Its Value – What’s Going On?

The Only Crypto Card You Need - P2PB2B EXCHANGE

Hopefuls call for ‘altseason’ led by Ether rally, analysts not so sure

Solana-based Backpack Crypto Exchange Attains $1B Daily Trading Volume Just 5 Days After Pre-seas...

Investors Move $2.4 Billion from Gold to Bitcoin ETFs; A Memecoin Rival to Pepe Steps Into the Light

UNKJD Soccer Game Goes Live as Brazil Becomes First Mobile Market

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!