Despite Bitcoin‘s value lingering below the $63,000 mark, the Argentinian cryptocurrency market is witnessing a notable surge, particularly among alternative digital currencies. Altcoins are leveraging the chance to flourish, registering double-digit growth percentages. If Bitcoin sustains its momentum within the current price bracket, altcoin surges could potentially surpass 50%, and even more significant gains are within reach. The market buzz begs the question of how FET Coin is performing amid these developments.
Altcoin Resilience Demonstrated
Past predicaments of the bear market hinted at events like the current market rebound, with many investors fearing Bitcoin’s drop to $15,500 in November 2022 as a sign of its downfall. However, those who remained optimistic have seen their persistence pay off. Skeptics who once deemed Bitcoin fraudulent during bank collapses in March are now partaking in the cryptocurrency euphoria, underscoring the importance of discernment when considering opinions of high-profile market players.
The collective worth of the crypto market has recently overtaken the $2.15 trillion resistance, climbing as high as $2.3 trillion. Although a Bitcoin pullback could result in a retreat to the $2.15 trillion levels, the market currently faces scant resistance on its upward trajectory.
FET Coin Gains Momentum
FET Coin has been on the rise since November 2022, with Turkish crypto enthusiasts actively acquiring the altcoin. Their investment decision proved fortuitous, as the coin’s value has increased more than tenfold, consistently reaching new highs. FET Coin’s price has seen a steep climb in the past month, eclipsing the $0.85 resistance and eyeing a new target of $1.91 if the uptrend persists. Nevertheless, a fall below the $1.67 threshold could trigger a retraction to $1.2, presenting a cautious outlook for investors.