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INJ & LINK are now bullish, up 1.40% & 4% respectively.
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AVAX’s price has risen by 4.35% over the past week, and by 18.60% during the last 30 days.
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ADA, which is also poised to break out but is currently underperforming, is also on the verge of a breakout.
The crypto market is about to see a surge of buying pressure, led by Bitcoin (BTC), as multiple altcoins await a breakout. Chainlink (LINK), Avalanche(AVAX),Injective (INJ),and Cardano(ADA) are some of the cryptos gaining traction.
According to CoinMarketCap, the total market capitalization of the crypto sector is $2.32 trillion. This represents an increase of 0.67% over the past 24 hour period. The Fear and Greed Index for the crypto market is 58, which means neither the buyers nor sellers have complete dominance.
Chainlink (LINK), a cryptocurrency that is ranked 15th in terms of market cap, has risen by over 4% within the last 24 hours. Bitcoin, however, continues to consolidate around $69,000 and $60,000, a key support zone. The 15th largest cryptocurrency, with a $7.17 billion market cap, has also risen 7.05% in the past week, and 9.56% over the last 30 day.
Avalanche, or AVAX, has risen 0.5% over the last 24 hours. It is currently trading at $27.58 and has a market cap of $11.22 Billion. This puts it 12th in CoinMarketCap. The cryptocurrency has risen by 4.35% over the past week, and 18.60% over the last 30. Notably, altcoin has risen 202.18% since 2023.
Both LINK and AVAX trade at significant discounts from their previous bull run highs of 2021. Both tokens’ volumes are increasing and it is possible they could turn bullish in a short time.
INJ and ADA to Turn Bullish
INJ has increased by 1.40% in the last 24 hours to $21.96 and is currently trading at a massive discount 59.36% from its all-time peak of $52.75 that was printed in March 2024. The cryptocurrency has increased by 11.46% over the past seven days and 17.38% over the last 30 days. It is up 177.49% from October 2023.
Read Also: Beyond Bitcoin: Exploring DePINs, AI, Memecoins and GameFi
Investors also expect a bullish run in ADA, the native coin of the Cardano Blockchain. ADA, which is up 0.69% over the past day and trading at $0.3473 has fallen 88.79% since its all-time peak of $3.10. ADA has risen by 4.80% in the last 30 days and has gained 40.84% from October 2023.
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