2024 Altcoin Boom: Don’t Miss the Biggest Crypto Party Ever

• Altcoins have stolen spotlights from Bitcoin, even though Bitcoin got approval for spot ETFs.
• ETC and ENS recorded 48.63% and 39.59% gains, respectively, while Bitcoin hit $47K and dropped back.
• The altcoin market is poised for a more uptrend in the upcoming weeks with the expected ETH and XRP ETFs.

While the U.S. regulator has approved exchange-traded funds for Bitcoin, the alternative crypto market, led by Ethereum, has stolen the spotlight from Bitcoin. According to data from market tracking resources, Bitcoin has only moved from $45,300 to $47,650 since the approval. While this represented a notable 5.17% gain, BTC has since retraced to around $46,700 at press time.

Meanwhile, the altcoin market has broken out significantly, with tokens such as Ethereum Classic (ETC) and Ethereum Name Service (ENS) recording 48.63% and 39.59% gains in the past 24 hours, respectively. Interestingly, ETC printed 11% in under one hour as market participants trooped in, pushing its 24-hour volume to $2.21 billion.

Other altcoins leading the ETF-induced rallies are Sui (SUI), boasting a 28% surge; Mantle (MNT), wi…

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