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Metacade, Avalanche lead monthly crypto gains as alt season looms

Saturday, December 02, 2023 05:13 AM | Invezz via QuoteMedia

Metacade, Avalanche lead monthly crypto gains as alt season looms

2023-12-02 05:13:03 ET

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During the November session, the altcoin market saw massive price surges as smaller digital coins outshined leading assets such as Bitcoin. Meanwhile, experts expect more upswings from alts.

Avalanche (AVAX) gained a notable 97% within the previous month following the project’s positive news in the asset tokenization industry.

AVAX 30D Chart on Coinmarketcap

Further, IntoTheBlock data shows that AVAX’s transaction volume exploded during the month. The blockchain saw the highest weekly traffic of the year, with the metric reading $2B.

Moreover, Avalanche has seen a substantial surge in inflows during 2023’s final two quarters ($79 million in Q3 and $56 million during the fourth quarter.

Gaming platform Metacade (MCADE) positions itself to dominate the gaming world. Meanwhile, its prices skyrocketed last month, surging more than 120% in the past 30 days.

MCADE 30D Chart on Coinmarketcap

Metacade offers investors web3 gaming and earning opportunities and has seen massive attention lately. Meanwhile, strategic partnership keeps the project afloat while boosting MCADE prices.

Altcoins outshine Bitcoin

Meanwhile, the bellwether crypto BTC saw a 10% uptick in November, swaying between the value area of $34K – $38K. Multiple breakout attempts supported Bitcoin to exit the range on 30 November to explore new yearly peaks at $38.8K.

Also, Ethereum jumped 13% during the November session to consolidate above $2,000.

Investors likely switched to other alternative tokens as market leaders displayed slowed momentum. Crypto analysts believe we are entering the altcoin season, a period where smaller digital coins outshine Bitcoin.

Crypto Faibik stated that alts are preparing for a bull run, and December will see altcoins painting green price charts.

Metacade and Avalanche will likely remain elevated through the year’s end. highlighted AVAX as among the tokens that could explode in December.

Meanwhile, AI-related deals position MCADE for massive rallies upon broad-based market surges.

You can find more information about Metacade on their website .

The post Metacade, Avalanche lead monthly crypto gains as alt season looms appeared first on Invezz

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