• A new wave of low-cap altcoins is emerging and seeing massive gains in the crypto market, signaling the return of bullish sentiment in the markets.
• Fed Chair Jerome Powell’s hints about ‚disinflation‘ are favoring the markets, leading to more investment in Q2.
• LBank Co-Founder Johnason Chan believes that a bull market could emerge towards the fourth quarter of 2023, when Bitcoin’s halving occurs.
Emerging Bull Market
A new wave of low-cap altcoins is emerging and enjoying massive gains in the crypto market, potentially signaling the dawn of a new bull market according to LBank Co-Founder Johnason Chan. Mid-cap cryptos like Aptos (APT), Floki (FLOKI), and Highstreet (HIGH) have experienced impressive rallies with APT recording a 380% increase within 30 days.
Favorable Market Conditions
The current interest rate cycle may favor the markets following Fed chair Jerome Powell’s hints about ‚disinflation‘. This could lead to more investment going into Q2 as traders take note of these tokens‘ tremendous performance; creating wealth for investors.
Halving Event
Johnason Chan predicts that a potential bull market could emerge towards 4th quarter 2023 when Bitcoin’s halving event takes place in around 400 days from now. This has caused all eyes to be on these emerging stars of the altcoin market, propelling optimism among investors.
LBank Exchange
LBank is one of top crypto exchanges established in 2015 and offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. It holds over 7 million users from more than 210 regions across the world and ensures integrity of funds while contributing to global adoption of cryptocurrencies.
Conclusion
FLOKI was one of LBank’s star listings last year which continues to reflect traders‘ behaviour as well as create anticipation for further developments; making it clear that these low-cap assets are likely to continue driving up bullish sentiment amongst investors this coming year.