New Wave of Low-Cap Altcoins Heralds Bull Market: LBank Co-Founder
• LBank Co-Founder Johnason Chan believes that the surge of low-cap altcoins might signal a new bull market.
• Tokens like Aptos (APT), Floki (FLOKI) and Highstreet (HIGH) have seen impressive rallies over the past 30 days.
• Fed chair Jerome Powell’s hints about possible ‚disinflation‘ and the upcoming Bitcoin halving are also contributing to an overall bullish sentiment in the markets.
Emerging Bull Market
LBank Co-Founder Johnason Chan believes that the surge of low-cap altcoins might signal a new bull market in the crypto space. Tokens like Aptos (APT), Floki (FLOKI) and Highstreet (HIGH) have seen impressive rallies over the past 30 days, with APT increasing by 380%, FLOKI by more than 200% and HIGH recording a 336% rally.
Positive Regulatory Signals
The wealth creation stemming from these tokens is signaling the return of bullish sentiment in the markets, particularly due to positive regulatory signals from Fed chair Jerome Powell who hinted at possible ‚disinflation‘. This interest rate hike cycle seems to favor the markets, which may see even more investment going into Q2.
Next Bitcoin Halving
The next Bitcoin halving is also coming up in around 400 days, adding further momentum to an emerging bull market towards fourth quarter of 2023. The recent gains for low-cap altcoins like FLOKI reflect the way traders are behaving as they anticipate further appreciation for these tokens.
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