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4 months ago

Another Altcoin Breaks Out

Benzinga
Benzinga
The global markets are slowly shifting, allowing Bitcoin and Ethereum to recover. Moreover, Fed Chairman Jerome Powell says that low-interest rates are here to stay. The U.S. Dollar Index, for its part, is range-bound just over $95, up 7% and rising against a range of global currencies. As the tide turns for investors, other altcoins are picking up. Influencers and experts believe that the market is indicating that Bitcoin can rise to over $45,000 as a “first stop” on a march to much bigger gains, as high as $53,000. Plus, Ethereum has entered a support level of over $2800. Meanwhile, Kitty Inu is starting to break out ahead of the beta launches of the play-to-earn game known as Kitty Kart. Influencers are reminding investors, though, it’s not a meme coin, it’s play to earn. At press time, Kitty Inu was trading higher, gaining over 14%, sitting at its 24-hour high on a massive increase in volume.
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