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Altcoin funding rates hit 9-month high — Bullish for altseason or a red flag? Cointelegraph 04 Dez 2024

Altcoin funding rates hit 9-month high — Bullish for altseason or a red flag? 📈

XRP Cardano Hedera Algorand Stellar

Altcoin funding rates have surged to a 9-month high, prompting discussions on whether this indicates a forthcoming altseason or serves as a warning for potential price corrections. The recent market rally saw significant increases in altcoin values.

Specifically, cryptocurrencies such as Hedera, Stellar, XRP, Algorand, and Cardano experienced a 250% increase over 30 days, capturing the attention of market participants.

This rapid appreciation raises questions about market sustainability and possible overvaluation, urging investors to weigh the risks of a potential market adjustment against the bullish indicators of altseason.

Quelle: cointelegraph.com ↗

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