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Altcoins have been underperforming this cycle, raising doubts on whether this time will be different from previous altseasons. A crypto expert and onchain analyst provided one explanation of why it could be happening, looking at market dynamics. Previously, a market bull cycle was made of Bitcoin (BTC), reaching new highs and money rotating to altcoins. This dynamics created what analysts call an “altseason,” when other cryptocurrencies outperform Bitcoin, sending its market dominance downwards. On November 27, Ki Young Ju, CEO and analyst at CryptoQuant , noted that altcoins’ market cap lags behind that of Bitcoin. According to him, this is caused by a significant change in the demand for Bitcoin – away from spot exchanging. Picks for you SUI prepares for its largest unlock to date this Sunday – Should you be worried? ...

Dogecoin recently experienced an impressive rally, reaching a high with its market cap surging from $41 billion to $63 billion. Although this is a promising upward movement, Dogecoin remains far from its peak market cap of $84 billion. Compared to previous years, today’s market dynamics are different. Influential factors like Elon Musk’s frequent mentions, government stimulus checks, and pandemic-related conditions are no longer present, making it challenging for $DOGE to reclaim its all-time high. However, it’s not impossible for the coin to reach new heights. The broader meme coin market has also been thriving, recently hitting an impressive $100 billion in market cap, marking a new all-time high and ushering in a phase of market price discovery and volatility. Within this volatile landscape, Bitcoin is displaying significant dominance, holding 60% of the market, while altcoins like Ethereum and Solana show potential to gain momentum as the market evolves. The cu...

China’s large-scale stimulus package could significantly drive the crypto market. As officials prepare to reveal more details today, investors keenly observe how these measures could affect liquidity and boost economic expansion. Data from blockchain analytics platform Santiment indicates that Solana experienced a 10.7% increase in notable GitHub activity during the first week of October, placing it among the leading blockchain ecosystems in development. Similarly, Arbitrum and Avalanche recorded growth rates of over 5.2% in development activity, highlighting their ongoing progress within the blockchain space. Meanwhile, this article focuses on the top trending cryptos on Solana Chain today. Top Trending Cryptos on Solana Chain Today Boba Oppa (BOBAOPPA) is currently priced at $0.000655, with a market capitalization of $16.83 million. GUNTHER VI (GUN) is trading at $0.000378, with a market cap of $670.91K. The Liquid Solana Derivative 42069 (LSD) is valued at $0.0289, showing a...