BTC, AVAX, MATIC, EGLD, MANA

Bitcoin ( BTC ) is seeing a tough fight near the $ 58,000 mark, but that hasn’t stopped some altcoins from reaching a new all-time high. ...


Bitcoin (BTC) is seeing a tough fight near the $ 58,000 mark, but that hasn’t stopped some altcoins from reaching a new all-time high. This shows that traders are watching fundamental developments on individual coins.

One of the recent The top performing major altcoins were Avalanche (AVAX), which climbed more than 120% in November. The coin caught the attention of traders ahead of the announcement from accounting firm Deloitte that plans to build its disaster relief platforms on the Avalanche blockchain.

Daily view of crypto market data. Source: Coin360

In another step that shows the growing adoption of crypto, the President of El Salvador, Nayib Bukele, announced the bitcoin city launch, which will be powered by geothermal energy and initially funded by $ 1 billion in Bitcoin bonds.

Could large purchases at lower levels push Bitcoin above $ 60,000 and will altcoins participate in the rally? Let’s take a look at the charts of the top 5 cryptocurrencies that might grab the attention of short-term traders.