Cryptocurrency analyst Hsaka stated that altcoins are ready for a major surge in the market. Those who invested in Bitcoin at $50,000 are now looking for new opportunities as the price soared to $70,000. According to Hsaka, altcoins will show strong growth by taking advantage of capital rotation.
Solana and Avalanche Taking the Lead
As Bitcoin’s momentum slows down, altcoins in the Solana ecosystem may attract more attention. Particularly, altcoins based on Solana such as Jupiter and Pyth Network have experienced dramatic surges. Hsaka believes that capital will flow into other altcoins like Avalanche following this surge.
He anticipates that sophisticated investors who missed the increase in Solana-based altcoins will now focus on strong candidates such as AVAX.
Bitcoin’s Market Position is Crucial
As investors’ interest shifts to altcoins, the stability of Bitcoin in the market remains crucial. It is expected that BTC will remain steady above $60,000. Hsaka foresees the continuation of Bitcoin’s strength and market confidence.
The analyst’s observations indicate that capital rotation and investor sentiments can influence market movements. Altcoins like Solana and Avalanche could be the focus of investors seeking opportunities beyond Bitcoin.
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