Altcoins

Will The Bears Put An End To The Ritual Of Alt Season This Time?

Written by: Sara K

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Sara K

Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

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Dec 6, 2021

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Highlights

    Alt coins shed off gains to highs of 80% from the cliffs of All-time-high.

    Merchants from the crypto town continue the hunt for alt coins amidst enduring market crash.

The crypto sphere continues to remain in the clutches of the bears. As a result, digital coins in the market shed off gains from the clamping suppression of the market cycle. Merchants from the crypto town continue the quest for altcoins amidst the dip. As the much-anticipated alt season fast approaches.

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The coin market has been correcting heavily on the charts. Which has led to the digital assets shedding off gains to highs of 80%. BTC’s price is down by about 30%, while its dominance is down to 38.9%. The dominance of the second-largest crypto is currently at 20.6%. Masses of the industry are well versed in the algorithm of Bitcoin’s dominance and its repercussions on altcoins. 

Alt Coins That Could Lead The Alt Season! 

The quest for potential coins continues at a raging pace. As traders from the coin market pin hawks eye on altcoins for higher returns with the commencement of alt season. Meanwhile, proponent from the industry believes December to be the ideal month to bag altcoins.

Ethereum (ETH):

The second-largest crypto at press time is trading at $4,057.14, while scripting negative gains of 4.5%. The market cap of the digital coin is currently hovering around $481,038,274,092. Whilst the volume of trades for 24-hours is at $27,467,612,898.

ETH price has been trading in the bandwidth from $3,941.68 to $4,23.249. The digital asset is short of its ATH by 16.6% at $4,878.26. The crypto has risen up by about 580.8% since the previous year. 

Solana (SOL):

SOL at the time of writing is trading at $182.46 while losing out on 7.8% of gains. The trading volume for 24-hours is $3,663,914,534. While the market cap of the digital asset is floating at about $55,640,747,568.

SOL price has been trading in the frequency from $177.67 to $198.04. The digital asset is short of its ATH by 30.1% at $259.96. The crypto has risen up by about 9121.0% since the previous year.

Polygon (MATIC):

The digital coin at press time is trading at $1.84, while registering a dip in gains of 15.9%. The market cap of the digital coin is currently hovering around $12,609,313,321. Whilst the volume of trades for 24-hours are at $2,612,922,932.

MATIC price has been trading in the bandwidth from $1.74 to $2.18. The digital asset is short of its ATH by 30.0% at $2.62. The crypto has risen up by about 9227.1% since the previous year.

Polkadot (DOT):

The crypto at the time of writing is trading at $26.59 while losing out on 7.6% of gains. The trading volume for 24-hours is $1,672,051,417. While the market cap of the digital asset is floating at about $27,989,392,537.

DOT price has been trading in the frequency from $24.98 to $28.81. The digital asset is short of its ATH by 52.1% at $54.98. The crypto has risen up by about 411.7% since the previous year.

Shiba Inu (SHIB):

The meme coin at the time of writing is trading at $0.00003451 while registering red gains of $8.3%. The market cap of SHIB is hovering at about $18,972,424,507. The volume of trades for around the clock is at $2,263,378,510.

The Doge-killer’s price has been trading in the range from $0.00003334 to $0.00003774. The meme coin falls short of its ATH of $0.00008616 by 60%. The digital coin is up by an astonishing 55548145.0% in the past 12-months.

Collectively, the market is currently at extreme fear on the fear and greed index. Which is arguably an ideal position to enter the market for higher returns. The above-listed cryptos have been growing in utility and adoptions at a steady pace. Shiba Inu, despite being a meme-based coin, has been foraying into utility, while receiving adoptions from institutions. Hopefully, the digital assets will lead the nearing alt season.

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Sara K

Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

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