Bitcoin, Ethereum, Solana Rally Does Not Mean All Cryptocurrencies Will Moon: 10x Research
The ongoing rally of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) should not lead investors to believe that all cryptocurrencies will do equally well in a bull run, a new report found.
What Happened: “Any coin or token that failed to rally at least 10% over the last week should likely be avoided,” the 10x Research analysts write in their latest report, urging investors to stay focused on selective assets that demonstrate resilience and growth potential.
For instance, Solana proxies Jito (CRYPTO: JTO) and Jupiter (CRYPTO: JUP) outperformed with weekly gains of 24% and 16%, aligning with SOL-USDT’s strong performance.
Ethereum proxies have also seen significant gains, with Ethena (CRYPTO: ENA) achieving a 37% increase.
Despite Ethereum not being the central focus in this rally, 10x Research points to signs of a possible bottom, supported by weekly stochastics indicators.
“The day when BlackRock‘s marketing team launches an Ethereum ETF push is drawing closer,” the report adds, suggesting a potential boost to Ethereum’s standing …
About The Author
