These 5 altcoins are signaling a rally: They are taking off with Bitcoin!

2024-05-20 22:26:43

Spot ETH ETF news ignited the cryptocurrency market, which altcoins stood out?

Famous ETF analysts James Seyffart and Eric Balchunas’ analysis of the spot ETH ETF has shaken the crypto industry. According to the news on May 20th, the analysts raised the probability of ETF approval from 25% to 75%. With this development, Ethereum surged from $3070 to $3720, recording a 21% increase in a short period of time. So, which altcoins stood out during this process?

1- Fantom (FTM)

FTM, which couldn’t catch a break in the bear market of 2021, is now showing signs of a bull season. The popular altcoin, which has seen a 20% increase in the last 24 hours, is leading the list. As long as ETH continues to rise, the momentum in FTM is likely to continue.

##2- Near Protocol (NEAR)

NEAR, which had a very effective upward season, has taken action with ETH gaining momentum. NEAR, which recorded a 17.30% increase in the last 24 hours, joined the list in second place. It seems like NEAR investors will have a smile on their faces for a while longer.

3- Immutable (IMX)

IMX, which stands out with its activities in the gaming field, has experienced a 16.80% increase in the last 24 hours. IMX, which has been included in the list after a long hiatus, ranked third. Expectations from IMX may increase if GameFi becomes more popular.

##4- Akash Network (AKT)

AKT, the leading name of cloud service provider projects, experienced a rise of 16.20 percent in the last 24 hours. altcoin, which managed to hold strong in the BTC declines, took flight with the recovery of the market. The rise of AKT may start a new trend in the medium/long term.

5- Beam (BEAM)

BEAM, which can be shown as one of the potential projects of the upcoming bull season, has performed by 15 percent in the last 24 hours. BEAM, which quickly responded to the increase in ETH, once again showed its potential.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.

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