Why are Altcoins Suddenly Exploding? Two Forces are Driving the Move

BeInCrypto Editorial

(07:11 PM UTC)

1 min read

Altcoins ripped higher on Monday as AI-linked tokens led a sharp rebound across an oversold crypto market.

Worldcoin (WLD), NEAR Protocol (NEAR), and Bittensor (TAO) posted double-digit weekly gains while Bitcoin (BTC) steadied above $63,000.

Altcoins Turn Bullish on Daily Gains. Source: Coingecko

Two forces explain the move. Traders are positioning for Elon Musk’s SpaceX IPO and its AI arm, xAI.…

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BeInCrypto Editorial · BeInCrypto

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