Altcoins demonstrate signs of growth amid the formation of a golden cross, which is a positive signal for investors. In this context, virtual projects and decentralized networks are drawing attention due to their achievements.
Golden Cross in the Altcoin Market
The altcoin market has seen an important technical signal — a golden cross, which is historically associated with long-term bullish trends. Meanwhile, Bitcoin's dominance stands at 63.6%, and a rise in its price is expected to lead to increased trading volumes in altcoins. The Altcoin Season Index currently sits at 17 out of 100, indicating the market has just begun to awaken, with substantial growth potential remaining.
Virtual Projects: Virtuals Protocol Rally
The price of Virtuals Protocol token surged by 137% in a week, fueled by hype surrounding their Genesis Launch and the upcoming appearance of the CEO at the TOKEN2049 event in Dubai. The current price of the token approaches a resistance level at $2.80, with minor support at $1.45. If the excitement continues, the token could easily double from its current levels.
Decentralized Networks: Success of Akash Network and Sui
Akash Network grabs attention as the only decentralized platform offering access to Nvidia H100s, making it highly appealing to AI startups. The AKT token recently broke through the $1.70 level. Meanwhile, Sui reached an all-time high Total Value Locked of $1.8 billion, driven by the success of its lending platforms. The current price of Sui token stands at $3.67, reflecting a 70% increase over the last 14 days.
The situation in the altcoin market is intensifying with potential opportunities for investors. The formation of a golden cross and the success of virtual and decentralized projects indicate possible ongoing bullish trends in the near future.
