Analysis: Once the Altcoin market value grows by 17%, the market will enter a "frenzy" phase

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ODAILY
12-29
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Odaily reports that anonymous cryptocurrency trader Daan Crypto Trades stated in a post on December 28 that once TOTAL3 (the total market capitalization of all cryptocurrencies excluding Bitcoin and Ethereum) exceeds the historical high of $1.13 trillion in 2021 and enters the price discovery phase, the market will enter an "excited" or "frenetic" stage. According to TradingView data, as of the time of writing, TOTAL3 is currently $962.78 billion, up about 91.45% since January 1. Daan said, "As long as its trading price is between around $840 billion and around $1.1 trillion, I think the market will fluctuate."

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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