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Altcoin Momentum

Definition

‘Altcoin Momentum’ describes the recent price trend and trading volume of cryptocurrencies other than Bitcoin. It indicates a period where these alternative digital assets are experiencing significant upward price movement and increased market interest. This phenomenon is often driven by factors such as technological advancements, developer activity, or specific market narratives that capture investor attention beyond Bitcoin’s influence. Understanding altcoin momentum is crucial for assessing market sentiment and identifying potential investment opportunities within the broader digital asset landscape.