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The Analysis Company Announced the Altcoin Group It Sees "Bullish Potential!"
The crypto analysis company Alphractal claimed in its latest analysis that the decentralized finance (DeFi) sector has strong rise potential in the coming months.
According to the analysis, the dominance level in the DeFi sector has reached an important area, and the positive response from this level has been supportive for many altcoins.
Alphractal highlighted the following projects among the prominent altcoins in the DeFi category: Chainlink (LINK), Hedera (HBAR), Avalanche (AVAX), Mantra (OM), Uniswap (UNI), Aave (AAVE), Dexe (DEXE), Jupiter (JUP), Ethena (ENA) and Maker (MKR).
The analysis company stated that with the decline of Bitcoin dominance, bullish market signals for DeFi have strengthened. According to analysts, especially the recovery signals in this area of the market may attract investors' interest again.
On the other hand, it was stated that short-term Bitcoin investors holding for 1 month and less are currently inactive in the market. Alphractal noted that this group of investors has generally become active during the enthusiastic periods of the market in the past, and according to current data, only 2.36 million BTC is held by this group.