Bitcoin (BTC) Price is on the Fly. Will Solana (SOL) and Fetch.ai (FET) Kick Off the Altcoin Season?-web3.0-php.cn

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Bitcoin (BTC) Price is on the Fly. Will Solana (SOL) and Fetch.ai (FET) Kick Off the Altcoin Season?

Susan Sarandon

Sep 23, 2024 am 12:17 AM

Rollblock BitcoinFET Altcoin Season Solana (SOL)

Bitcoin price is on the fly. Just in two weeks, BTC surged from $52k to knock past $62k by Sept. 19. As of press time, the crypto bellwether was up over 4%

Bitcoin (BTC) Price is on the Fly. Will Solana (SOL) and Fetch.ai (FET) Kick Off the Altcoin Season?

Bitcoin price soared over 4% Weekly and nearly 4% monthly. If BTC price stabilizes above $60k, an altcoin season could begin, with Solana and FET looking set to kick it off. But Rollblock, a new GambleFi altcoin in presale, could dominate the looming altcoin season.

Bitcoin price performed well in the past two weeks, surging from $52,000 to knock past the $62,000 mark on September 19. The world’s leading crypto asset also traded at a 4% premium over its spot price on leading derivatives exchange Deribit.

This bullishness comes as traders anticipate a strong close to the month and quarter, which could propel Bitcoin price to new highs.

If BTC price stabilizes above $60k, an altcoin season could begin

Bitcoin price dropped below $60,000 on September 6. However, a buying presence at this level pushed BTC back up towards $62,000.

This price floor has held strong for over two weeks now, and if Bitcoin manages to close the month above $60,000, that could signal the beginning of an altcoin season.

Solana and Fetch.ai are already tipped to lead the alts higher, thanks to their strong fundamentals and massive growth potential.

Solana price (SOL) bounces off a vital weekly support

Solana’s price has traded in the $110-$190 region for months. That has made the $120 region a vital weekly support for SOL. It has bounced back from this zone nearly five times in 2024, making it a killer buying zone for investors.

The recent one was on Sept. 6 when SOL crumbled down after facing roadblocks at $160. A heavy buying presence had already pushed Solana’s price 16% up to $140 as of Sept. 19.

That has seen SOL pare its monthly losses to a mere -4%. If Solana surges and holds in the $200 zone, it could kick off an altcoin season to blow past its ATH.

Fetch.ai (FET) is up 70% monthly. Is the altcoin season in?

FET soared 65,000% in the recent bull run, jotting from a low of $0.052 in 2022 to an ATH of $3.4 in March 2024. That’s a nearly 65x return!

Over the past five months, investors have been locking in profits. That pushed FET to monthly support in the $0.7 region in August, presenting another “buy low” opportunity.

Per CoinMarketCap data, FET was up 76% in the past month, rising to hover in the $1.5 zone by Sept. 19. With SingularityNet and Ocean protocol collaborating with Fetch.ai to establish the Superintelligence Alliance (ASI), FET appears set to lead the altcoin season.

Solana, Fetch.ai tipped to lead the altcoin season from the front

Both Solana and Fetch.ai have the potential to lead the altcoin season, thanks to their strong fundamentals and massive growth potential.

Solana is already the fifth largest cryptocurrency by market cap, and it has been trading within a bullish pattern for months now. A strong close to the month could see SOL finally break out of this range and begin its ascent towards a new all-time high (ATH).

Meanwhile, Fetch.ai is also poised for a strong rally, thanks to its recent collaborations with SingularityNet and Ocean protocol to establish the Superintelligence Alliance (ASI). This alliance aims to create a decentralized artificial intelligence (AI) network, and it is sure to attract a lot of attention from investors.

If Bitcoin price manages to hold above key levels and begin rallying, we could see Solana and Fetch.ai leading the altcoin season from the front.

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