The cryptocurrency market is currently experiencing a robust uptrend, with Bitcoin (BTC) leading the way, boasting a nearly 27% growth this month alone. This impressive rise marks its most substantial monthly percentage increase since the start of the year. Furthermore, a multitude of alternative cryptocurrencies, including Ethereum Classic (ETC), Algorand (ALGO), and Vechain (VET), are also joining Bitcoin’s rally, as evidenced by ByteTree’s market breadth indicator. This indicator, which tracks real-time data of over 5,300 digital currencies, reveals that a mere 4.7% of tokens are in a pronounced downtrend, the lowest since January. Such a broadening of market depth hints at a bullish momentum that is not only strong but also has the potential for sustainability.
The market is growing and that growth is changing the entire landscape of cryptocurrencies. What’s the next big thing, when will it appear, and is it…
