If altcoins are progressing well this Tuesday, what about tokens? Many currencies are advancing significantly, led by the THORChain, which takes more than 8% at 24 hours and more than 28% at one week. A very good performance for this token which today has an MC of 3.78 billion dollars.
In terms of other progressions, the Shiba Inu (SHIB) takes over 3.76% for a price that gains over 17% this week. The Cronos (CRO) gained 0.33%, while The Sandbox (SAND) gained 0.61% today but more than 14% this week
Further many advances are also worth noting, the Axie Infinity (AXS) takes 2.56% when the AAVE takes him 5.33%. The Pancakeswap (CAKE) takes 0.87% when the Maker (MKR) advances by 2.18%.
True or false bull market? 🤨
Hard to say. As always, cryptocurrencies, and particularly tokens, are subject to fluctuations in the price of Bitcoin. If for the time being the BTC shows signs of massive support from investors, we will beware of any speculation.
BTC still has a long way to go to confirm the bull market. The current 47,600 dollars are not enough to confirm an uptrend, even if materialized for several days. This would require finding a BTC over $50,000 to confirm the bull market. For the time being, the 48,000 dollars will be crucial for investors as for the tokens, since they would constitute an interesting first support without being very solid.
Image source Thorchain 🎯
