The post Top altcoins to watch for the next crypto altseason appeared on BitcoinEthereumNews.com.

Bitcoin’s (BTC) dominance over the cryptocurrency market fell slightly to 53% from its highs at 55%. Meanwhile, altcoins’ total capitalization remains above $700 billion, and investors expect an altseason. Amid high expectations of what has already been called a bull market by some analysts or a bull rally by more conservative ones, two cryptocurrencies surge as ‘worth watching’ for the next altseason. In particular, Nano (XNO) and Avalanche (AVAX) shine among thousands of other digital assets. Interestingly, both offer scalable competitive advantages against the two leaders, Bitcoin and Ethereum (ETH). They feature novel technologies with faster and cheaper transactions while improving finality and network capacity. Nano (XNO) Nano was recently mentioned by Grok, Elon Musk’s AI, as the most suitable cryptocurrency for payments. A few days later, many platforms, like the GNY Range Report, MEXC exchange, and Onramp Money, announced coverages and listings. In the meantime, XNO is trading at $1.23 by press time, up 9.23% in the day. Additionally, nano surged by 92% year-to-date (YTD), still behind coins with higher capitalization like AVAX. Nano (XNO) YTD price chart. Source: Finbold Notably, the most relevant surge was within its exchange volume. Nano 24-hour volume is now at $68.31 million, featured among the top 93 cryptocurrencies in volume. This means a 47.26% volume over its $168.55 million market cap. Nano (XNO) market cap and volume. Source: CoinMarketCap Meanwhile, XNO is up 60% against BTC since December 11. Trading by 0.000031168 BTC at the time of publication versus the 0.000019452 BTC price two days ago. XNO/BTC daily chart on Kraken. Source: TradingView Avalanche (AVAX) On Avalanche, JPMorgan Chase & Co’s (NYSE: JPM) blockchain arm, Onyx, announced to join its ecosystem in November. This announcement leveraged AVAX among relevant traditional finance institutions, possible by Avalanche’s subnets technology. It is notable that AVAX is…

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Filed under: News - @ December 13, 2023 6:22 pm