Emerging Altcoins Signal Bull Market
- Low-cap altcoins and mid-cap cryptos such as Aptos (APT), Floki (FLOKI), and Highstreet (HIGH) are rallying.
- Johnason Chan, Co-Founder of LBank, believes these tokens may signal the dawn of a new bull market.
- With Fed chair Jerome Powell’s hints of disinflation, crypto sectors may receive more investments in Q2.
LBank Co-Founder’s Perspective
Johnason Chan, Co-Founder of global exchange LBank, believes that a surge in low-cap altcoins might be signaling the dawn of a new bull market. He noted that APT, the native token of layer 1 blockchain Aptos, increased by 380% in 30 days. FLOKI saw its price jump by more than 200% and metaverse gaming coin HIGH recorded a 336% rally.
Chan suggested that with the hints of Federal Reserve Chair Jerome Powell on possible ‚disinflation,‘ the interest rate hike cycle could favor the markets. He predicted that some crypto sectors will likely receive even more investment going into Q2. The Co-Founder also pointed out that Bitcoin halving is coming up in around 400 days and he sees potential for a bull market emerging towards the fourth quarter of 2023.
Wealth Creation in Crypto Markets
The wealth creation stemming from these tokens has been propelling optimism among investors as they enjoy massive gains in the crypto market. It appears to be a new wave of low-cap altcoins that have been accompanied by impressive rallies for mid-caps such as Aptos (APT), Floki (FLOKI), and Highstreet (HIGH).
LBank is one of the top crypto exchanges established in 2015 which offers specialized financial derivatives, expert asset management services and safe crypto trading to its users across 210 regions worldwide. As an innovative platform which ensures the integrity of users‘ funds, it aims to contribute to global adoption of cryptocurrencies.