The current cryptocurrency rally has brought growth to nearly all top cryptocurrencies. Dogecoin has shown the highest seven-day growth at 24.9%, followed closely by Cardano. However, a recent report suggests that not all cryptocurrencies will continue to perform well in this cycle.
Here’s what you need to know!
The crypto market has seen a small rise of 0.1% in the last 24 hours. Bitcoin has gained 1.6%, and Ethereum has increased by 3.3%. The Meme Coin market is up by 1.3%, while the AI token market has risen by 0.4%. While most of the top cryptocurrencies have shown growth over the past week, the report notes that not all of them are growing at the same pace.
Some coins, like BNB and XRP, have had more modest increases of 3.9% and 6.1%, respectively. On the other hand, coins like Dogecoin, Cardano, and Solana have had much larger gains of 24.9%, 24.8%, and 22.3%.
The report suggests that by closely analyzing factors like data, market flows, and technicals, you can identify which cryptos are more likely to keep growing.
Raydium, which has seen a rise of 60.1%, remains the top performer of the week. Neiro, with 55.7% growth, and Cronos, with 42.6% growth, closely follow. Ethena has witnessed a rise of 37.4%, and Aave at least 26.8%. Among the top ten cryptos, Dogecoin, with a 24.9% rise, is the top performer. Cardano, with a 24.8% rise, and Solana, with a 22.3% surge, closely follow.
The report recommends caution for investors. Cryptos that have not increased by at least 10% over the past week are less likely to perform well in this current bullish market. The advice is to follow a more focused investment strategy, targeting coins that have strong growth potential.
In conclusion, with the crypto market in a rally, it’s important to focus on top-performing cryptocurrencies to maximize your returns. Investing in the right assets now could make a significant difference in this market.
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