It was an exciting week in the cryptocurrency markets, with double-digit gains observed among altcoins. BTC’s price is still hovering around the $43,900 mark. Some altcoins have experienced triple-digit increases over the past seven days, offering investors significant opportunities at the beginning of the bull season.
BONK Coin became the most profitable asset with a surprise increase of 207.24% weekly, even breaking into the top 100 cryptocurrencies. The airdrop on the Solana network revived demand. BONK overtook FLOKI, the third-largest meme coin by market value, and took the lead after DOGE and Shiba Coin. The price reached an ATH (all-time high) of $0.0000148. If the $0.00001 region can be maintained, the rise may continue.
In a price drop scenario, a retracement to as low as $0.0000098 and then $0.0000073 seems possible.
The increase in BTT Coin’s price was made possible by the Tron network surpassing the 200 million user threshold. The network, which is heavily used for USDT transfers denominated in US dollars, is quite active. Interestingly, this announcement did not directly affect Tron; however, it impacted BTT, the native token of BitTorrent, which Tron acquired in 2018.
BTT Coin price shows a tendency to break its long-term downward trend and is finding buyers at $0.0000011115. If the rally continues, new peaks up to $0.0000015 could be seen. The ultimate goal would be to drop a zero from its price.
ORDI price managed to stay on the agenda of crypto investors during the first week of December 2023, and its momentum continues in direct proportion to the Bitcoin price. Having surpassed the ATH level and seen $69, the price is now at $51. It’s important to clarify a misunderstanding detail; this token does not represent all ordinals as a whole, it is simply a token. We have published long and detailed articles about the future of Bitcoin and ordinals, which you can find using the search section.
Returning to the price, we see that buyers have been activated at the $50 level, and this region has served as support. If this area is lost, new bottom levels between $30-$22 could be seen after $46 and $40. In the opposite scenario, the bulls will aim to surpass the $60 mark.