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Savvy Crypto Traders Are Betting on These Altcoins —Are You Missing Out?

Trading volumes for altcoins have surged, and there's been a significant shift away from Bitcoin

Author

Markus Thielen
September 24, 2024

👇1-12) One of the most crucial elements of successful investing is recognizing when market themes and narratives have shifted. Many investors cling to outdated perspectives, even after events or decisions that fundamentally alter the landscape. Savvy investors, however, are quick to spot these shifts and capitalize on emerging narratives. They often profit as latecomers drive prices higher.

👇2-12) Since mid-March, Bitcoin has undergone a volatile correction characterized by four lower highs. A breakout above the $65,000 level would signal a reversal of this downtrend, suggesting that Bitcoin could again target levels above $70,000. As our previous reports highlighted, Bitcoin will likely reach new all-time highs in Q4. A shift in the investment landscape has sparked a surge in the pursuit of high-risk, high-reward assets.

👇3-12) Trading volumes for altcoins have surged, and there's been a significant shift away from Bitcoin—previously the top choice among Korean traders in August—toward high-beta alternatives. In the following sections of this report, we spotlight some of the altcoins that savvy traders are currently accumulating.

Korean trading volumes ($bn) over the past 40 days, along with the top coin by daily volume

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