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Altcoins Surge As Crypto Market Kicks Off 2025 On A High Note

As the new year begins, the crypto market is experiencing a notable resurgence, with many altcoins outpacing Bitcoin (BTC) in performance. Bitcoin recently saw an increase of up to 2.9%, reaching $97,526, while alternative cryptos such as Ethereum (ETH), XRP, and Dogecoin (DOGE) surged by over 4%. Notably, Solana (SOL) climbed an impressive 8.2%, signaling a renewed interest in digital assets beyond the leading cryptocurrency. Altcoins And Crypto Stocks Gain Momentum In New Year Chris Newhouse, director of research at Cumberland Labs, noted that investors are diversifying their portfolios as they enter 2025. “Market participants have started to allocate capital to representations of more speculative narratives,” he stated, highlighting a shift towards altcoins that may offer higher returns. This trend aligns with historical data showing that digital assets often perform well in the first quarter, adding to the optimism surrounding the current market dynamics. Related Reading: XRP Surpasses USDT: Becomes 3rd Largest Crypto With $139 Billion Market Cap The positive momentum is further supported by the notion of capital rotation into thematic sectors, which Newhouse describes as a “strong tailwind for altcoins.” Investors appear to be capitalizing on seasonal strength, coupled with improving macroeconomic conditions and an interest in narratives that extend beyond Bitcoin and Ethereum. This renewed enthusiasm isn’t limited to cryptocurrencies alone; crypto-dependent stocks are also benefiting from the market’s upswing. On the first trading day of 2025, Coinbase shares climbed as much as 5.6%, while MicroStrategy and MARA Holdings saw increases of 7.3% and over 8%, respectively, indicating a growing confidence among investors in the broader cryptocurrency sector. Optimism Grows For 2025’s Bull Market Amid Regulatory Changes Despite the gains, it’s important to note that cryptocurrency prices remain below the highs experienced in December. Some market analysts suggest this dip may be fueling current buying activity. Strahinja Savic, head of data and analytics at FRNT Financial Inc., remarked, “Rallies among alts like the one we are seeing today are investors following the popular crypto mantra of ‘buy the dip’ in anticipation of the bull market’s continuation.” For many crypto investors, the fundamental case for a budding bull market remains robust, despite the inherent volatility. Looking ahead, many investors are optimistic about a more favorable regulatory environment for cryptocurrencies in 2025, particularly with the anticipated presidency of Donald Trump. Trump’s election victory and the nomination of crypto-friendly individuals to his administration have already resulted in substantial inflows into altcoins that had previously faced scrutiny from the US Securities and Exchange Commission. Related Reading: Coinbase Premium Index Reaches Two-Year Low At -0.23%: Impact On Bitcoin Price Unveiled The market’s leading altcoin, ETH, is trading at $3,660, which, despite the rally, is still nearly 25% below its record high of $4,878 set during the 2021 bull run. Featured image from DALL-E, chart from TradingView.com Crypto Briefing

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Analyst Highlights SHIB Bullish Momentum, Predicts Rally to $0.000081

Shiba Inu ended 2024 on a strong note, showing signs of significant upward momentum. Crypto analyst Javon Marks has identified key indicators that suggest that the asset is set for a substantial rally in the coming months. As of now, the token is trading at $0.00002242, reflecting a 7.9% increase in the last 24 hours. Marks has pointed out that the token recently surpassed a major resistance trendline that had been holding back its price growth. Following this breakout, SHIB reached a seven-month high of $0.00003329 earlier in December. However, the rally was followed by a corrective phase, during which the asset retraced most of its gains. This correction saw the token revisit lows around $0.0000186, erasing much of its earlier progress. Despite this pullback, Marks noted that the asset successfully retested its breakout level as a new support zone. Since then, it has rebounded and is currently consolidating in the $0.000022 range. Marks considers this development a strong bullish signal, emphasizing that the asset’s ability to hold above the breakout level sets the stage for continued upward movement. Price Projections Javon Marks has set an optimistic price target of $0.000081 for Shiba Inu, which would represent a more than 270% increase from its current trading levels. This price point marks a critical area where SHIB faced significant resistance during its previous market cycle. Marks has consistently identified $0.000081 as a key target for the token throughout 2024 and maintains confidence that the token will eventually reclaim this level. In addition to this projection, he has suggested that Shiba Inu could reach as high as $0.000155 during the current bull market. This higher target represents an unprecedented price level for the token, signaling the potential for significant gains if market conditions remain favorable. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Hidden Bullish Divergence One of the factors supporting the bullish outlook for the digital asset is the presence of hidden bullish divergence on its price chart. This phenomenon occurs when the asset’s price forms higher lows while momentum indicators display lower lows, indicating underlying strength and potential for further upward movement. Marks has highlighted this divergence as a critical component of Shiba Inu’s bullish narrative. Combined with the asset’s ability to maintain its position above the key breakout level, this divergence reinforces the case for continued price growth. With Shiba Inu holding above crucial support levels and displaying robust bullish signals, analysts are optimistic about its near-term performance. Marks’s target of $0.000081 reflects significant growth potential, while his higher projection of $0.000155 suggests even greater opportunities for long-term investors. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst Highlights SHIB Bullish Momentum, Predicts Rally to $0.000081 appeared first on Times Tabloid . Crypto Briefing