The cryptocurrency market is currently witnessing a pronounced uptrend, with Bitcoin (BTC) leading the charge, experiencing a nearly 27% growth this month. This marks its most substantial monthly percentage increase since the beginning of the year. Alongside Bitcoin’s impressive rally, a multitude of alternative cryptocurrencies are also making their mark. Presently, a mere 4.7% of tokens are in a pronounced downtrend, marking the lowest since January. This data underscores the expanding market breadth, indicating that a broader range of coins are joining the Bitcoin rally. Such an expansion in market depth signifies a heightened risk appetite among investors, hinting at a bullish momentum that’s not only robust but also has the potential for longevity. With this backdrop, Cardano (ADA), Filecoin (FIL), and Algorand (ALGO) are emerging as promising players.
In today’s market it is impossible to know anything for…
