Despite the strong correction in the altcoins market, Solana (SOL) and Sui (SUI) can provide a ray of hope providing the next big stimulus for a strong resurgence and rally ahead. The current market scenario is pretty much similar to the bull markets of 2017 and 2021 where the TOTAL 3 market cap chart saw explosive growth.
Is the Altcoins Market Preparing for an Explosive Rally?
The TOTAL 3 market cap metric, which excludes Bitcoin and Ethereum, shows signs of a strong momentum building up ahead. Crypto analyst Daan Crypto Trades has pointed out that the TOTAL 3 market cap relative to Bitcoin’s price can offer valuable insights into the market momentum of Bitcoin versus altcoins.
The analyst noted that exactly four years before in 2021 and also in 2017, altcoins began an explosive rally relative to Bitcoin, which occurred roughly a month after Bitcoin broke its 2017 all-time high of $20,000 and entered a consolidation phase. As CoinGape reported, the BTC price is consolidating around
We współpracy z: https://coingape.com/will-solana-sui-kickstart-an-explosive-altcoins-rally/
