Bitcoin Whale Transactions, Courtesy: Santiment
Bitcoin may be consolidating but that has not stopped selected Altcoins from continuing their journey to new highs. Selected Altcoins such as TRON (+22.50%), DENT (+13.98%), Celsius (+13.48%), Helium (+ 10.50%) posted impressive performances in the last 24 hours while Polkadot (DOT), BitTorrent (BTT), Solana (SOL), Holo (HOT), THORChain (RUNE) rallied to new all-time highs.
THORCHain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks without losing full custody of their assets in the process.
Data shows that traders are easing back into DeFi as the top protocol register an uptick in transactions and total value locked. THORChain has been on a steady rise since Mar. 25, posting nine green candles within ten days. THORChain (RUNE) reached highs of $9.50 on April 3rd amid bullish trading.
Solana (SOL), a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions also rose to new all-time highs of $22.73 during Saturday trading.
Meanwhile, Bullish Predictions Stand Out for Altcoins in April:
Rekt capital, @rekt capital tweeted earlier:
We are at a stage in the Altcoin Market Cycle where many Altcoins are in the process of completing & breaking out from their macro U-Shaped formations. The next stage will be watching these same Altcoins rally into Price Discovery, in search of a new all-time High.
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