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Why Altcoins Were Rocketing Higher Today

TheMotleyFool 
0 0 30.10.24
Why Altcoins Were Rocketing Higher TodayPhoto, wide shot, wide-angle lens, Mobile phone network, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/828b91fb-678a-4621-906b-21e972059e7d.png
 

With news that the foundational and leading cryptocurrency was teasing a fresh all-time high, trading was brisk and fruitful in altcoins on Tuesday.

The prices of many were rising notably, at times edging into or exceeding double-digit percentage gains. Utility token Aptos (CRYPTO: APT) was up by slightly over 10%. Fellow utility crypto Chainlink (CRYPTO: LINK) was enjoying a more than 5% gain, ditto for meme token Shiba Inu (CRYPTO: SHIB). Slightly behind its peers was Bitcoin Cash (CRYPTO: BCH), with a sub-5% rise.

Barring proprietary news that swims against the tide of that day's general sentiment on its fortunes, the cryptoverse tends to trade in line with its unquestioned leader, Bitcoin (CRYPTO: BTC).

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Source Fool.com

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