- Bitcoin rose 66% to $98,623, while altcoins like ATOM and APE surged up to 95%, highlighting a thriving crypto market.
- Disciplined profit-taking and calculated trading strategies, as suggested by Zero Ika, can lower stress and maximize market gains.
- The TOTAL2 market cap grew 53% to $1.33T, reflecting strong altcoin performance and investor optimism in the crypto space.
In 2024, the cryptocurrency market had rapid expansion between August 28 and November 23 as reported by Zero Ika on X. Bitcoin increased from $59,525 to $98,623, a 66% rise. Additionally, Ethereum had a strong uptick, going up 33% from $2,525 to $3,355.Additionally, TOTAL2’s market capitalization increased by 53%, from $872 billion to $1.33 trillion. In addition to demonstrating investors’ newfound interest, this signaled a strong trend for cryptocurrencies.
Altcoins Shine with Major Gains
Several altcoins outperformed expectations during this period. For instance, ATOM surged 73%, rising from $4.60 to $7.94, while APE skyrocketed 95%, climbing to $1.25 from $0.64. Additionally, ROSE and ORAI each saw a remarkable 70% growth. TAO registered a 76% gain, jumping to $522.14 from $297.00, showcasing its strong momentum.
APT saw a significant 87% increase, moving from $6.73 to $12.59. Meanwhile, METIS gained 55%, ending at $51.20. Moreover, LINK and MATIC advanced by 52% and 30%, respectively. However, not all cryptocurrencies followed this upward trend, as KAS experienced a slight 2% decline, dropping to $0.16.
Source: Zero Ika
Bitcoin Dominance Grows as USDT Shrinks
Bitcoin dominance increased by 4%, rising to 59.29% from 57.15%. This highlighted Bitcoin’s growing market influence. Conversely, USDT dominance (USDTD) dropped by 1%, declining to 3.79%. Furthermore, TOTAL2’s 53% market cap increase underscored the broader growth within the altcoin sector.
Crypto analyst Zero Ika emphasized the importance of disciplined profit-taking during such bullish periods. Besides, he shared a strategy involving favorable risk-reward (R/R) opportunities to maximize returns. His approach involves setting take-profit levels using technical tools like Fibonacci levels.
Responsible Strategies Amidst Market Volatility
Zero Ika’s methodology demonstrates that calculated trading is more effective than waiting for unrealistic “moon-talk” scenarios. Moreover, his emphasis on responsibility and market analysis encourages lower stress while maximizing profits.
Consequently, these gains highlight the potential of altcoins when approached with careful planning. Additionally, investors adopting such strategies can capitalize on both bullish and bearish market trends. Hence, Zero Ika’s approach offers a fresh perspective in navigating the volatile crypto market, aligning discipline with opportunity.
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