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The price of Bitcoin (BTC) 
$107,396 has crossed the $104,000 mark again, igniting significant movement in altcoins. Major cryptocurrencies are racing to recover losses from previous downturns. With the Biden administration’s policies impacting the cryptocurrency markets, many are speculating on the potential of alternatives as Trump promises more favorable conditions.
DOGE and FET Coin Insights
Altcoins have reached new heights amidst the ongoing BTC fluctuations over the past months. However, a decline starting in mid-December has largely wiped out previous gains, leaving many cryptocurrencies, like FET Coin, struggling to recover losses.
This scenario presents new opportunities for investors hoping for movement in altcoins following Bitcoin’s rise. In a recent market evaluation, Altcoin Sherpa commented on FET Coin, stating:
“FET has been in a range for months with deviations at both ends. Given the time spent here, this rotation should be quite beneficial when it occurs. It’s less of an active trade and more of a buy-and-hold situation.”
If predictions hold true, FET Coin could add an extra dollar to its current price.
ETH and RENDER Coin Analysis
ETH’s price has seen a modest increase of 2%, lingering around $3,426. While BTC remains above $104,000, ETH has struggled and is often joked about due to its prolonged range-bound behavior.
Yoddha suggests that if resistance is broken, ETH could potentially reach five-digit price levels. A significant concern remains ETH’s inability to maintain closing prices above $4,100.
Considered promising due to last year’s substantial gains fueled by AI trends, RENDER Coin has caught the attention of analysts. Altcoin Sherpa noted the following about it:
“RENDER looks intriguing; I like the IO chart a bit. All 1D EMAs appear healthy. It will likely present buying opportunities again.”
