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The cryptocurrency market registered lower volatility in the past few days than last week. Following the daily death cross recorded on the Bitcoin price against the US dollar, on-chain data shows whale and shark investors have shied away from further crypto accumulation.
Moreover, on-chain data shows that institutional investors have deposited over $1.3 billion worth of USDT to different exchanges since August 5, thus increasing the overall purchasing power.
Altseason Brewing
Following the recent approval of spot Ether ETFs in the United States and spot Solana ETFs in Brazil, the altcoin industry has gradually gained ground among investors. Despite the rising Bitcoin dominance, which currently hovers around 57 percent, the crypto cash rotation still favors a potential altseason soon.
Top Altcoins to Buy Now
Curve DAO (CRV)
$Crv#Crv Descending Channel Breakout Has Already Confirmed Expecting 2x Bullish Wave pic.twitter.com/oGoknd9iaO
— World Of Charts (@WorldOfCharts1) August 13, 2024
Amid the ongoing crypto correction led by Bitcoin and Ethereum, CRV price against the US dollar has signaled a potential bullish uproar soon. According to crypto analyst World Of Charts, CRV price is on the verge of a 200 percent rally after a successful breakout from a descending channel.
According to the latest crypto data, the small-cap altcoin, with a fully diluted valuation of about $664 million and a daily average traded volume of around $339 million, pumped 10 percent in the last 24 hours to trade about 31 cents on Tuesday during the London session.
Stratis (STRAX)
$STRAX (Update)
— Clifton Fx (@clifton_ideas) August 13, 2024
Trend Line Upside Breakout is done in daily Timeframe..#STRAXUSDT #STRAX #Crypto pic.twitter.com/1yUibfRKRq
After forming a possible double bottom, coupled with a bullish divergence on the daily Relative Strength Index (RSI), since early July, STRAX price against the US dollar has signaled a potential bullish uproar ahead. According to Clifton Fx, STRAX’s price has already broken out of a falling logarithmic trend in the daily time frame and is ready for further growth in the near term.
Furthermore, the small-cap altcoin, with a market cap of around $93 million and a daily average traded volume of about $3.6 million, pumped over 6 percent in the past 24 hours to hover around $0.0476 on Tuesday.