These altcoins could outperform Bitcoin according to analysts

The cryptocurrency market is witnessing a dynamic shift, with altcoins like Ethereum (ETH), Solana (SOL), Chainlink (LINK), Polygon (MATIC), Polkadot (DOT), and the emerging ScapesMania gaining significant traction. As Bitcoin crosses the $38K mark, Solana leads the pack among Layer 1 tokens, showcasing robust gains and hinting at a potential reshaping of the crypto hierarchy.

Timeline of Polkadot-new, Ethereum, Chainlink, Polygon, Solana

The transformation of the Ethereum network, popularly known as ‘The Merge,' marked a significant shift in the blockchain's energy usage and climate impact. A detailed report by the Cambridge Centre for Alternative Finance (CCAF) meticulously dissects this journey, offering invaluable insights into Ethereum's historical and current ecological footprint.

Experts of The DeFi Edge newsletter covering developments in Web3 and blockchain shared a ranking of the tokens "smart money wallets" were buying or selling last week. It looks like in anticipation of a bull run, large investors are turning toward more predictable products.

A gaming-focused Ethereum (ETH) sidechain is integrating with Binance Pay as a means of making wallet funding easier for consumers. In a new blog post, Ethereum sidechain Ronin (RON) says that it is collaborating with the world's largest crypto exchange by volume to make it easier to fund the Ronin crypto wallet.

Traders and analysts are discussing the roots of the "New Solana Summer" as all core metrics of on-chain activity are rocketing. Some of them have already reached pre-FTX collapse levels.

The Chainlink price has maintained a healthy upswing since the beginning of the month, with more than a 10% rise in value. The consolidated close for November had raised concerns, but the recent whale activity has displayed somewhat of a clear path for the LINK price in the coming days.

Swell, a prominent player in the decentralized finance (DeFi) space, has announced a significant enhancement to its cross-chain interoperability capabilities by integrating with Chainlink's Cross-Chain Interoperability Protocol (CCIP). The integration marks a pivotal development in Swell's ongoing collaboration with Chainlink, a leader in decentralized computing and data services.

With Bitcoin ready to sustain the uptrend, the altcoins are ready to skyrocket and get a move ahead before the 2024 bull run starts. Ranking high amongst the top performers, Chainlink's LINK price regains the bullish trend.

OKX, a global cryptocurrency exchange, will soon provide web3 services and knowledge across India. The venture will be focusing on services and managing its operations with a three-pronged strategy.

Ethereum's price today is showcasing a bullish surge that is drawing attention across the crypto community. Ethereum is a bellwether for the altcoin market, and today's price action suggests that investors are increasingly confident in the asset's value proposition.

Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the key $38,000 level on Friday. Ethereum (CRYPTO: ETH) also recorded gains, topping the key $2,100 mark this morning.