• LBank Co-Founder Johnason Chan believes a new wave of low-cap altcoins and mid-cap cryptos signify a potential bull market.
• These tokens have seen impressive rallies in their prices, such as Aptos (APT) which increased by 380%, Floki (FLOKI) which rose by 200%, and Highstreet (HIGH) whose price rose 336%.
• Factors driving the bullish sentiment such as Jerome Powell’s indications of possible ‘disinflation’ and the upcoming Bitcoin halving may further contribute to the surge of these assets.
Emerging Bull Market
LBank Co-Founder Johnason Chan believes that a new wave of low-cap altcoins and mid-cap cryptos signals the potential for a bull market in the crypto space. The price of Aptos (APT), native token of layer 1 blockchain Aptos, increased by 380% in 30 days, while Dogecoin spin off FLOKI saw its price jump by more than 200% during this same time period. Metaverse gaming coin HIGH recorded an impressive 336% rally.
The bullish sentiment is being further driven by factors such as Fed chair Jerome Powell’s indications on possible ‚disinflation‘ and the upcoming Bitcoin halving taking place in 400 days. These developments are likely to attract even more investment into crypto markets going into Q2 2023.
LBank is one of top crypto exchanges established in 2015 with over 7 million users from more than 210 regions across the world. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. LBank ensures the integrity of users‘ funds and aims to contribute towards global adoption of cryptocurrencies through cutting edge growing platforms.
The wealth creation stemming from these tokens has attracted attention from investors all around, who now have their eyes set on emerging stars in the altcoin market like FLOKI or HIGH that have seen tremendous performance since their listing at LBank exchange platform.
Johnason Chan concludes that traders should take note of these promising tokens that signal bullish sentiment returning to crypto markets: „Following hints from Jerome Powell on possible ‚disinflation,‘ we believe investors should pay close attention to these tokens as they might be indicative of a larger bull run.“