While Bitcoin (BTC) seems to be resting and flirting around the $44,000 level, altcoins have been raging in with the rally even further extended to some of the small-cap altcoins.Over the last seven days, the altcoin space has added $100 billion to the broader crypto market.The Altcoin Market Rally On Friday, the world’s second-largest crypto Ethereum (ETH) saw a strong rally moving past $2,300 as the Ethereum network gears up for the [Dencun hardfork](https://coingape.com/eth-price-hits-18-month-high-ethereum-dencun-hardfork-coming-by-january-2024/) in January 2024.While the ETH price has been moving sideways as of now, analysts believe that the rally can continue further after the recent breakout.There’s still a lot of upside for [#Ethereum]after this breakout above a crucial resistance.
[pic.twitter.com/Elz6yDRewo] — Michaël van de Poppe (@CryptoMichNL) [December 8, 2023] Recommended Articles On the other hand, Cardano (ADA) has been making massive moves.The ADA price is currently up by a staggering 26% trading at $0.59 with a market cap of $20.9 billion.Over the last week, the ADA price has surged by a staggering 53%.
$ADA’s current trend mirrors 2018-2020, excluding the COVID-19 dip.If the pattern persists, anticipate ADA breaking $0.45 resistance, with a potential rally to [$1 by late December](https://coingape.com/markets/cardano-price-as-pump-setup-triggers-is-ada-going-to-1-in-december/)! Avalanche (AVAX) is another cryptocurrency in the top ten list registering double-digit gains.In the last 24 hours, the AVAX price is up by 17% shooting past $31.With this, AVAX has extended its gains to more than 43%.
Earlier this week, the Avalanche (AVAX) altcoin [entered the top ten list](https://coingape.com/avalanche-enters-top-ten-crypto-list-with-avax-price-shooting-17-whats-next/) and there’s been no looking back since then.As per on-chain data provider Santiment, the social sentiment surrounding altcoins is too euphoric and thus, investors should be cautious about that.📈 The notable [#crypto]market leaders over the past 24 hours are [#Cardano](+19%), [#Solana](+11%), and [#Optimism](+11%).Each is seeing one of their highest social dominance days of 2023.
With this implied [#FOMO]kicking in, proceeding with caution is wise.[https://t.co/QvxDrofqJt] [pic.twitter.com/aUqIDoCLho] — Santiment (@santimentfeed) [December 8, 2023] Polygon (MATIC) and Polkadot (DOT) Join the Party While the top ten altcoins have grabbed all the limelight recently, the small-cap altcoins have been also making big moves.Polygon’s native cryptocurrency MATIC is up 7.8% in the last 24 hours, once again moving past $0.91.Crypto analyst Ali Martinez notes significant accumulation of $MATIC between $0.80 and $0.86, with 42,000 addresses holding nearly 5.8 billion MATIC in this crucial demand zone.With limited resistance, Polygon appears set for a bullish run if this level remains intact.Similarly, Polkadot (DOT) has surged a staggering 19% shooting all the way to $7.5 with a market cap of $9.3 billion.The DOT price is already up by more than 36% on the weekly chart.[Shiba Inu Lead Shytoshi Kusama Confirms Over $1 Million In SHIB And BONE Burn](https://coingape.com/shiba-inu-lead-shytoshi-kusama-confirms-over-1-million-in-shib-and-bone-burn/?utm_source=priceanalysisbar) [Shiba Inu Burn Rate Soars 83000% As Whale Shifts 4 Tln SHIB](https://coingape.com/shiba-inu-burn-rate-soars-83000-as-whale-shifts-4-tln-shib/?utm_source=priceanalysisbar) [Crypto Prices Today: Market Advances As BTC, Pepe Coin, Cardano Fuel Gains](https://coingape.com/crypto-prices-today-market-advances-as-btc-pepe-coin-cardano-fuel-gains/?utm_source=priceanalysisbar) [Altcoin Market Rally: Polygon (MATIC) and Polkadot (DOT) Join the Party](https://coingape.com/altcoin-market-rally-polygon-matic-and-polkadot-dot-join-the-party/?utm_source=priceanalysisbar) [SEC Wants to Continue Its Binance Case Irrespective of DoJ Investigation](https://coingape.com/sec-wants-to-continue-its-binance-case-irrespective-of-doj-investigation/?utm_source=priceanalysisbar) [Ethereum Price Prediction As Open Interest Hits $8B, $3,500 Coming In December?](https://coingape.com/markets/ethereum-price-prediction-as-open-interest-hits-8b-3500-coming-in-december/?utm_source=priceanalysisbar) [Bitcoin Price Prediction As Renewed Buying Hints a Rally to $48000](https://coingape.com/markets/bitcoin-price-prediction-as-renewed-buying-rally-to-48000/?utm_source=priceanalysisbar) [Cardano Price As Pump Setup Triggers, Is ADA Going To $1 In December?](https://coingape.com/markets/cardano-price-as-pump-setup-triggers-is-ada-going-to-1-in-december/?utm_source=priceanalysisbar) [Optimism Price Prediction As $OP Exits 200-Day Accumulation to Pursue $2.6 Target](https://coingape.com/markets/optimism-price-prediction-as-op-exits-200-day-accumulation/?utm_source=priceanalysisbar) [Shiba Inu Price Prediction: Will SHIB Surge 19% This Weekend?](https://coingape.com/markets/shiba-inu-price-prediction-will-shib-surge-19-this-weekend/?utm_source=priceanalysisbar).