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The crypto space remains uncertain as Bitcoin hovered below the $97K mark.
Meanwhile, the prevailing trend suggests a dynamic shift, with lesser-known alts leading the market in substantial gains.
Evaluating daily price changes of various coins confirms significant gains in lesser-known cryptocurrencies.
That has shifted attention to the awaited altcoin season.
Meanwhile, these trends set the perfect stage for early-stage Dogizen, which will start listing on exchanges today, February 10.
Lesser known cryptos soar
Digital coins beyond the top 200 on Coinmarketcap saw substantial surges over the past day, indicating traders’ renewed focus on smaller-cap tokens.
Steem Dollar stole the show with an over 100% increase on its daily chart to $5.08.
Chart by CoinmarketcapThe massive 24-hour trading volume highlights significant trader interest in SBD.
BinaryX, SPX6900, and PancakeSwap also logged notable gains, cementing the altcoin season, where lesser-known projects outpace the market.
The shift in focus to more speculative tokens signals emerging confidence in the broader crypto landscape.
However, enthusiasts should know the risks and volatility linked to these trends.
Digital coins witness wild movements, and rapid surges can often herald swift retracements.
Nonetheless, extending the prevailing performance could fuel the much-awaited altcoin season.
That would magnify investments in smaller-cap assets, translating to massive price gains.
Golden cross pattern supports the bullish case
Notably, a looming golden cross formation confirms bullish momentum and impending rallies for alts.
#Altcoins Golden Cross Imminent ✨ Few still believe in an #Altseason happening anytime soon. Yet, a major bullish crossover is about to take place on the weekly chart. 🚀
The pattern emerges when the 100d MA decisively crosses beyond the 200d MA.
The altcoins’ golden cross occurred in early February, indicating a potential rally.
The pattern has historically triggered a massive bullish reversal.
The previous golden cross formation catalysed staggering surges, propelling the total market capitalisation from around $710 billion to $1.36 trillion.
That translated to an over 90% gain for the altcoin market and explosive surges for some projects.
However, enthusiasts should watch for potential elements limiting the Golden Cross’ complete formation.
Factors such as sentiment shifts, global economic challenges, and regulatory developments should be on the radar.
Such conditions may see altcoins failing to sustain rallies or record modest surges compared to past cycles.
Dogizen lists on exchanges
The emerging altcoin season signals coincide with the awaited Dogizen debut on cryptocurrency exchanges.
Source – DogizenDogizen has been investors’ target since introducing the first ICO on Telegram.
The project raised around $4.5 million in presales.
Dogizen will launch its token DOGIZ on the L1 platform Sui on February 10.
The new altcoin will list for trading on SUI’s largest DEX – Cetus – before joining top trading platforms.
The team promises more development post-exchange debut.
Experts believe DOGIZ will swiftly surpass the $1 milestone as its timing suggests explosive moves.
You can find out more about Dogizen via their official website.
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