The post Crypto Market Outlook: Altcoin Market Poised for Rally as Whales Fuel Buying Spree appeared first on Coinpedia Fintech News

In the cryptocurrency world, the altcoin market, after an 18-month horizontal consolidation, is gearing up for a significant rally. Industry insiders suggest the market could soar beyond $700 billion, propelled by increasing interest from ‘smart money’ or savvy investors.

Dogecoin Leads Gains Amid Altcoin Surge

A notable example of this uptrend is Dogecoin (DOGE), which has seen an 8% increase in the past 24 hours, trading around $0.083 during the mid-London session on Friday. This surge is a broader pattern expected to continue over the weekend as Bitcoin’s dominance displays short-term vulnerabilities.

Bitcoin Whales Shift Focus