Are Altcoins Stride (STRD) and Bittensor Tao Early to the Bull Market Party?
If you want to climb a mountain, begin at the top. — Zen Proverb
Altcoins Stride (STRD) and Bittensor Tao have strutted their stuff, appearing fashionably early to the bull market party. Laurie Dunn, a writer who has taken the plunge into cryptocurrency and blockchain, has penned an article that delves into the recent surges of these two altcoins.
The article kicks off by painting a picture of the burgeoning bull market in the crypto world. With the halving on the horizon and the Federal Reserve potentially trimming rates, there’s a lot of optimism about the ample liquidity that will likely flow into Bitcoin and the wider crypto market. However, the writer warns that despite the anticipation, Bitcoin has been mostly treading water since December, leaving us to wonder if it has the gusto to kickstart a sustained uptrend.
Meanwhile, as Bitcoin maintains its status quo, some altcoins have been strutting their stuff, particularly Stride (STRD) and Bittensor (TAO). These two have seen some impressive price hikes, with both showcasing some exhilarating speculative activity.
Taking a closer look at Stride (STRD), it’s clear that the coin has been on a rollercoaster ride. From a local low of $2.67, it skyrocketed to an all-time high of $8.51, marking a whopping 218% surge. With its price currently hovering around $6.53, it’s evident that the coin is far from finding stability. The article suggests the potential scenarios for the coin’s price, pointing out that while a retracement to $4 isn’t out of the question, a surge to $9.60 could also be on the cards.
On the other hand, Bittensor (TAO) has also been on a tear, with a 165% rise in price since early January. As of the article’s publication, the coin had surged 10% for the day, adding to the 7% gain from the previous day. The chart indicates that the coin has touched the 1.618 Fibonacci level, hinting at a possible consolidation in the near future. However, the writer predicts that TAO could remain a key player in the ongoing crypto bull market, akin to STRD.
While the excitement surrounding these altcoins is palpable, the article concludes with a disclaimer, emphasizing that it is for informational purposes only and not intended as financial advice.
In sum, the article provides an insightful glimpse into the early movers of the crypto bull market, offering readers a fresh perspective on the current state of the crypto landscape. As we navigate the ebb and flow of the market, the rise of altcoins such as STRD and TAO serve as a reminder that there are always opportunities to be seized in the ever-evolving world of cryptocurrency.
