While Bitcoin struggles to maintain the $63,000 support, the altcoin market is going through a difficult period. Smart contract and DeFi tokens led losses this week, with widespread declines. Yet, a few bright spots remain: Solana (SOL) is up 5.1% over 24 hours, while Algorand unveils an ambitious roadmap to become quantum-resistant by 2028.
**Altcoins Suffer, Rotation Accelerates**
According to CoinDesk data, the CoinDesk 20 index declined this week, with notable drops for Internet Computer (ICP, -4.1%) and Sui (SUI, -4%). Only Stellar (XLM) managed to stand out with a 10% jump, driven by partnership announcements. Observers are now talking about a ‘great rotation’: investors are abandoning traditional tech stocks (the ‘Magnificent 7’) and cryptocurrencies to position themselves in AI bottlenecks – semiconductors, memory storage, and specialized cloud infrastructure. This capital rotation particularly affects altcoins, which are more dependent on speculative capital flows than Bitcoin. The question now is whether this cycle will see a true ‘altseason’ or if altcoins will continue to lag.
**Solana (SOL): Resilience on Display**
Solana is currently trading at $71.84, up
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