Bitcoin Stable Above $17,200 and Aptos Soars 40% – These Altcoins to Watch

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The altcoin market is patiently waiting for Bitcoin price to break above the current resistance level to continue rallying. Lido DAO (LDO) is up 64% and 3% over the past seven days and 24 hours respectively.

Bitcoin price has closed the last two consecutive days above $17,000, causing altcoins to rally slightly. Among the top 20 digital assets, Solana (SOL) and Cardano (ADA) have outperformed rising around 42% and 24.3% respectively over the past seven days. In the top 100 list, Aptos (APT) and Zilliqa (ZIL) saw the highest gains over the past seven days with 47% and 45% respectively. As such, the total crypto market capitalization has reached over $850 billion to date.

Nonetheless, the crypto market has yet to fully recover from the FTX and Alamedas jolts, let alone the entire 2022s bear market. Additionally, one of the largest bitcoin investment firms, Digital Currency Group is on the verge of bankruptcy following huge exposure to FTX. Additionally, clients of the Geminis Earn program allege that Genesis Trading owes them over $900 million.

Win an Update: An Open Letter to the @DCGco Board pic.twitter.com/eakuFjDZR2

— Cameron Winklevoss (@cameron) January 10, 2023

The altcoin market is patiently waiting for Bitcoin price to break above the current resistance level to continue rallying. From a technical standpoint, a breakout from the current level will send Bitcoin price above $18,000 to retest the $18,500 psychological resistance zone.

Altcoins to watch closely

After a volatile weekend and Monday, most crypto assets consolidated if not retracted on Tuesday. For example, Cardano (ADA) and Solana (SOL) have fallen around 3% in the past 24 hours. Nevertheless, Lido DAO (LDO) is up 64% and 3% in the last seven days and 24 hours respectively.

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As such, on-chain analytics firm Santiment believes that most crypto traders are just doing FOMO to take small profits before an impending pullback. Additionally, Santiment believes that more FUD will follow the current rally in altcoins, which will again send prices lower.

The #altcoin rally rang in a very welcome #NewYear for #crypto. Whether prices continue to soar depends on traders being able to temper their #FOMO. If you’re starting to see #ALTSEASON plastered all over #Twitter, read why a takedown might be in order. https://t.co/fALNwSHxyc pic.twitter.com/0CU4NSaw6l

— Santiment (@santimentfeed) January 10, 2023

The Solana ecosystem with its BONK coin, which has gained over 90% in the past seven days, is expected to see more volatility in the coming weeks. Additionally, the latest meme coin has caught the attention of the global crypto community, as seen in social media mentions and daily trading volume.

The GALA GameFi project is another top performing crypto project of the past week. According to our latest crypto price oracles, GALA coin is up around 141% in the last seven days to trade around $0.04281522 on Tuesday. The GALA coin may have more upside in the coming days, as indicated by its 24-hour trading volume of $1,464,010,859 and a market capitalization of around $322,307,666.

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