• Low-cap altcoins are seeing massive gains in the crypto market, signaling the emergence of a new bull market.
• LBank Co-Founder Johnason Chan believes the surge of these tokens could be the start of a new bullish sentiment in the markets.
• With an upcoming Bitcoin halving and possible ‚disinflation‘ from Fed chair Jerome Powell, Q2 may see even more investment into crypto sectors.
Emerging Bull Market
The crypto market is experiencing a surge of low-cap altcoins which might signal the dawn of a new bull market, hypothesizes LBank Co-Founder Johnason Chan. Mid-cap cryptos like Aptos (APT), Floki (FLOKI), and Highstreet (HIGH) have also seen impressive rallies; APT increased by 380% in 30 days while FLOKI saw its price jump by more than 200%, and HIGH recorded a 336% rally.
Chan suggests that with hints from Fed chair Jerome Powell on possible ‚disinflation‘ and an upcoming Bitcoin halving in around 400 days, investors should be optimistic about Q2 seeing even more investment into certain crypto sectors. All eyes are now on the emerging stars of the altcoin market, driving up optimism among traders.
LBank is one of the top global exchanges established in 2015 and offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 7 million users from more than 210 regions across the world, ensuring integrity for their funds as well as contributing to global adoption of cryptocurrencies.
The wealth creation stemming from these tokens is signaling an increase in bullish sentiment in markets according to Chan. He predicts that we may see a potential bull market emerge towards the fourth quarter of 2023, furthering investor confidence for this period going forward.
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