Cryptocurrency markets are starting to return to stability, providing hope to investors. It is expected that trade disputes will transform into agreements, involving all key parties.
Top Altcoin Performers
The best performers among altcoins in the first quarter have come from the DeFi sector. It was expected that following the market crash in November 2022, interest in DeFi would significantly rise. Analysts predict that DeFi-related altcoins will continue to show strong performance this quarter.
What is Happening with Bitcoin
Bitcoin has again climbed above $108,000 after two previous failed attempts to break through. Crypto analyst Jelle is optimistic about the further growth and considers potential new levels at $119,000. Bob Loukas believes that the cryptocurrency remains undervalued, expecting that patience will soon pay off.
Prospects of Ethereum and DeFi
As Ethereum rises, altcoins like PEPE and ENS are also beginning to show positive results. Mister Crypto emphasizes Ethereum's growing strength, noting a 17% increase in DeFi activity in just one week. Ethereum continues to dominate the stablecoin volume.
Cryptocurrency markets show signs of revival, with DeFi and Ethereum in the spotlight. Investors should closely track these trends, while Bitcoin continues its journey towards new highs.
