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Analysis: Once the market capitalization of altcoins rises by 17%, the market will enter a 'frenzy' phase.

2024-12-29 06:46:49

BTC1.23%

ETH-0.47%

Odaily Planet Daily News, anonymous cryptocurrency trader Daan Crypto Trades stated in a post on December 28th that once the total market capitalization of all cryptocurrencies except Bitcoin and Ethereum exceeds the historical high of $1.13 trillion in 2021 and enters the price discovery phase, the market will enter an "excited" or "frenzied" stage.
According to TradingView's data, as of the time of publication, TOTAL3 is currently 962.78 billion US dollars, an increase of about 91.45% since January 1. Daan said: "As long as its trading price is between about 840 billion US dollars and about 1.1 trillion US dollars, I think the market will fluctuate." (Cointelegraph)

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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CRYPTOUSDUA

· 2024-12-29 08:39

We can all do it 💪

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