Low-Cap Altcoins, also known as small-cap cryptocurrencies, are digital assets with a market capitalization lower compared to other more established cryptocurrencies such as Bitcoin and Ethereum.
Despite their smaller size, these altcoins are attracting attention in the crypto market as they offer the potential for higher returns but also come with a higher level of risk.
LBank Co-Founder Johnason Chan notes that a new wave of low-cap altcoins is emerging and enjoying massive gains in the crypto market.
“The surge of these tokens might signal the dawn of a new bull market,” Johnason hypothesizes.
LBank, a top crypto exchange established in 2015, is observing the latest developments in the crypto world.
The surge of low-cap assets is accompanied by impressive rallies for mid-cap cryptos such as Aptos (APT), Floki (FLOKI), and Highstreet (HIGH).
Chan suggests that the wealth creation from these tokens is signaling the return of bullish sentiment in the markets. Chan believes that with hints of Fed Chair Jerome Powell on possible disinflation and the next Bitcoin halving coming up in around 400 days, the crypto sector is likely to see even more investment going into Q2.
Johnason sees a potential bull market emerging towards the fourth quarter of 2023 and is optimistic about the emerging stars of the altcoin market.
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