market is showing signs of reversing its recent bearish trend, having plunged from a peak of over $1.26 trillion in March to as low as $960 billion by 24th June.
Moreover, the overall sentiment in the cryptocurrency market appears to be shifting positively. The analyst highlighted the decreasing dominance of USDT as a signal that the market bottom might be forming, paving the way for substantial gains. While optimistic about altcoins, he maintains a more reserved outlook for Bitcoin, suggesting a gradual increase in its price without anticipating an immediate surge to $70,000.serves as an illustrative case study. We will be looking at Cardano’s major metric for any notable sign of bullishness. It can perhaps give more credibility to the analyst’s prediction of a 40% rise for altcoins.
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