Altcoins notch triple-digit gains as Bitcoin price pushes toward $60K

CRYPTONAIRE LYWEEK

CRYPTO investment journal

Altcoins notch triple-digit gains as Bitcoin price pushes toward $60K

Traders say the multi-year highs seen from many tokens prove that an altcoin season is at hand.

If this past weekend is any indication of the current bull market cycle, then an altcoin season may be well underway.

Similar to previous cycles, after (BTC) makes a significant run-up in price and then enters a consolidation period, funds begin to migrate into large and small market cap altcoins.

Data from Cointelegraph Markets and TradingView shows that while Bitcoin traded in a range between $57,000 and $60,200 over the past week, multiple altcoins saw double-digit gains as exchange listings and protocol developments brought a new wave of enthusiasm and trading volume for select projects.

Tron ecosystem leads the altcoin rally

Tokens in the Tron (TRX) ecosystem saw a noticeable uptick in their trading volumes over the past 2 days with the gambling-focused WINk token experiencing the biggest growth as it surged 325% from $0.00059 on April 3 to a new all-time high of $0.0025 on April 5.

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CRYPTONAIRE LYWEEK

CRYPTO investment journal