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COINTURK NEWS > Altcoin News > Altcoin Market Thrives as Ethereum Surges and Promising Tokens Shine
Altcoin News

Altcoin Market Thrives as Ethereum Surges and Promising Tokens Shine

In Brief

  • Bitcoin's recovery signals positive trends for the altcoin market.

  • Ethereum's price surge leads to renewed investor optimism.

  • Monero and FTX Token exhibit impressive performances amidst market growth.

Ömer Ergin
Ömer Ergin 3 months ago
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With Bitcoin $103,039 signaling a resurgence, the altcoin market experiences notable recovery. Ethereum $2,345 has witnessed a significant price bounce, climbing from around $2,100 last Sunday to over $2,800. This upward movement is accompanied by gains in Monero, FTX Token, and TRUMP, contributing to a total market capitalization of $3.23 trillion and a 24-hour trading volume of $119.54 billion.

Contents
Ethereum’s Price Surge Sparks OptimismMonero, FTX Token, and TRUMP Stun with Performance

Ethereum’s Price Surge Sparks Optimism

Last Sunday, Ethereum dropped to approximately $2,100 but swiftly rebounded, signaling potential recovery as it surpassed $2,800. Investors are now anticipating that ETH might stabilize around the $3,000 range, based on market data indicating a significant recovery process for the cryptocurrency.

Furthermore, Elon Musk’s announcement regarding the U.S. Treasury’s possible transition to Blockchain positively impacted Ethereum’s market activity. Following this statement, trading activity for ETH surged, prompting investors to closely monitor price trends and adjust their expectations accordingly.

Monero, FTX Token, and TRUMP Stun with Performance

Meanwhile, Monero has captured investor interest, showcasing a remarkable performance with a rise of over 6% in the last 24 hours. Additionally, FTX Token gained 7% after the announcement regarding payments to creditors from the FTX Recovery Trust below $50,000, positively impacting risk and return expectations among investors.

Trend Altcoinler

TRUMP’s price has also seen a 9.14% increase, striving to surpass the $20 mark. Among the day’s top gainers are TRUMP, FTX Token, Lido DAO, Litecoin, and Monero, with TRUMP’s rising price closely monitored by market participants.

Additionally, trending altcoins such as TRUMP, Terra, Virtuals Protocol, Enjin Coin, and STPT stand out in the market.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 6 February, 2025 - 1:35 pm 6 February, 2025 - 1:35 pm
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