Bitcoin (BTC) surpassed $100,000 and these 5 altcoins picked up speed!

Which names stood out in the altcoin market as Bitcoin (BTC) surpassed $100,000?

Federal Reserve Chair Jerome Powell’s remarks on December 4th moved Bitcoin. Speaking at a conference, Powell stated that he sees Bitcoin not as a rival to the dollar, but as an alternative to gold. In addition, describing Bitcoin as digital gold, Powell gave the green light to the crypto industry. These developments pushed BTC to $104,000 and greened the altcoin market. So, which projects stood out with a sharp rise during this process?

1- The Sandbox (SAND)

SAND, one of the main coins in the Metaverse category, increased by 20 percent in the last 24 hours, leaving behind 0.95 dollars. The level that SAND investors should pay attention to in the short term will be the 1 dollar mark. Sustainability above this level could trigger a new rally.

2- JasmyCoin (JASMY)

Remembered for its sharp rises in 2021, JASMY has shown a 15% performance in the last 24 hours. With this rise, JASMY, which has returned to the agenda, has given the green light to the upcoming bull season.

3- Gala (GALA)

GALA, which is considered one of the potential stars of the upcoming bull season, has risen by 14% in the last 24 hours. Having surpassed a critical level, GALA may accelerate its rise if it closes above $0.060 for the week.

4- Ethena (ENA)

ENA, which has gained momentum with Ethereum’s rise above $3800, has increased by 11% in the last 24 hours. Expectations for ENA seem to be rising with the start of the Layer-2 trend or Ethereum’s positive trend.

5- Stacks (STX)

STX, which is the layer-2 of Bitcoin, took advantage of BTC’s sharp rise. STX, which rose 10% in the last 24 hours, delighted its investors by joining the list in fifth place.

This article does not contain any investment advice or recommendation. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.