Cryptocurrency market is rising: BTC is at 50 thousand dollars, altcoins are ready for a new rally!

While the cryptocurrency market has maintained its upward trend for the last few weeks, the leading digital asset Bitcoin (BTC) has retested $ 50 thousand with a significant rise. BTC, the leading digital asset that has been experiencing ups and downs accompanied by EFT developments since the beginning of the year, ignited the bull movement in the cryptocurrency market and altcoins also rose and achieved significant gains. Leading altcoins such as XRP, ADA and SOL are rising with the market.

Is Bitcoin (BTC) entering a new era?

Leading digital asset Bitcoin (BTC) held at $49,000 after reaching $50,000 following the rise on February 12. BTC, which tested again at the level of 50 thousand dollars in the early trading hours of Tuesday, February 13, rose 4 percent in the last 24 hours and at the same time, its transaction volume increased by 77 percent, showing increased investor interest.

1-day BTC price chart. A 17 percent rise, according to some analysts, signifies the beginning of a new era for the digital asset. Because, unlike previous BTC bull runs, this current price increase over the last week coincided with the period when the digital asset was at its lowest in Google search volume.

Altcoins are starting a new rally! XRP, SOL, ETH are rising

With the rise in the cryptocurrency market, the second largest digital asset, Ethereum, started a new upward movement above the $ 2,500 resistance point, with a 6 percent increase in the last 24 hours. ETH, which has performed better than BTC, is trading at 2,648 with an increase of 14.83 percent in the last week. A break above the $2,660 level could lead to the next resistance at $2,720, and a rise above this could see the leading altcoin test the $2,800 resistance. At the same time, a 178 percent increase in the asset's trading volume in the last 24 hours shows that investor interest is gradually increasing.

ETH one-day price chart Another altcoin that has shown an impressive rise in the last 24 hours is SOL. Solana price gained 8 percent by breaking the critical $110 resistance level in the early trading hours of the day. The asset, whose trading volume increased by 85 percent, reached a one-month high and fluctuated between $113.97 and maintained its gains above the 23.6 percent Fib retracement level. Solana is currently trading above $110 and the 100 simple moving average and is trading at $113.80. However, if SOL fails to climb above the $115 resistance, it could see a downward move again. The important support level here is near the $112.20 point.

With the rise of BTC, the price of XRP also started to rise. The asset, which was traded at $ 0.5289 with an increase of over 2 percent in the last 24 hours, exceeded the psychological resistance point of $ 0.50. If XRP can recover above the 26-day EMA, it may start an upward move again. A recovery from this level would also pave the way for a move towards the $0.56 level.

Finally, the ADA price increased by 4 percent in the last 24 hours. ADA, an altcoin that can make strong breakthroughs according to some analysts, is trading at $ 0.5573. Additionally, transaction volume increased by 26 percent.

Meme coins are rising: surprising rise of PEPE and DOGE!

With the rise in the cryptocurrency market, the prices of the leading meme coins DOGE, SHIB and PEPE increased. After a period of pause, DOGE price is trading at $0.08239, increasing by 5.40 percent in the last 24 hours. However, PEPE coin gained a remarkable level of value and increased by over 11 percent as of press time. The trading volume of the asset, which is worth a 25 percent increase in value on a weekly basis, increased by 73 percent.

However, the popular gaming token Beam (BEAM) crypto rose over 13 percent on Tuesday. Beam price is trading at $0.02961, up 13.12 percent at the time of reporting. With this rise in the cryptocurrency market, newly released meme coins are also becoming the center of attention. One of these, the Sponge V2 project, takes its place in the market as a continuation of the Spnge V1 launch listed last year.

New fun-themed meme coin: Sponge V2

Sponge V2, one of the fun-themed meme coins, becomes the center of attention of meme lovers with its play-win theme. Sponge V2, which is still in the pre-sale phase, offers new opportunities for investors who missed the V1 project. The asset, which attracts attention especially with its high AYP rate of 280 percent, is among the coins expected to rise by beating the success of Sponge. For this reason, Meme Coin, which is considered a profitable investment choice, also offers different alternatives with both paid and free game options.

📣 Attention, #SPONGERS!

Here is some important information to remember about $SPONGE V2!$SPONGE V1 has officially been discontinued, and V2 has been launched on #Polygon! 🔥

Learn more about the token details below 👇

🧵1/3 pic.twitter.com/YZzXOlKmHY

— $SPONGE (@spongeoneth) February 6, 2024

In addition, Sponge V2 has a different process than ordinary token purchases. To get the V2 token, it is necessary to buy an equivalent amount of Songe V1 tokens and stake the tokens received via the stake to bringe method from the official website. MetaMask, Wallet Connect and Best wallet crypto wallet can also be used for this transaction. Sponge V2 token can be purchased with ETH and USDT as payment instruments, and purchases can be made with a card if desired. The current current price of the token is $0.000960 and the total amount of tokens bridged for this project is $9,190,815.75.

Visit Sponge V2