Altcoin
Top 2 Altcoins to Buy in the Coming Weeks Amid Continued Bullish Crypto Sentiment
The total cryptocurrency market capitalization has stabilized around $2.43 trillion over the past 24 hours, as Bitcoin (BTC) led the generally bullish outlook. After several weeks of significant outflows from cryptocurrency investment products, the trend has gradually changed in recent days.
For example, U.S.-based spot Bitcoin ETFs saw a combined cash inflow of nearly $130 million on Monday, with no issuer reporting negative cash flow.
Positive Regulatory Outlook for Cryptocurrencies
The cryptocurrency market has benefited significantly from the positive regulatory environment in recent months. The European Union has already started enforcing the Market in Crypot-Asset (MiCA) regulatory framework. As a result, more institutional investors will soon seamlessly enter the region’s web3 space.
Meanwhile, other major jurisdictions, led by India, the United States, the United Kingdom, Singapore, and Hong Kong, are already moving in the same direction. Despite China’s ban on Bitcoin mining, Chinese mining pools still hold nearly 54 percent of the market share.
Best Altcoins to Buy Now
Dots (DOT)
Polkadot (DOT), a rapidly growing layer zero network supported by a vibrant community of developers and investors, has formed a bullish outlook on the weekly time frame. From a technical perspective, DOT price has already broken out of a macro-bearish wedge and is on the verge of a 40-50 percent rally.
With a fully diluted valuation of around $9.2 billion, the mid-cap altcoin has spent around $37 million on marketing since the beginning of the year. For example, the Polkadot ecosystem is spending $2 million on the Indy 500 by directly sponsoring Conor Daly, a legendary and highly decorated driver.
Cardan (ADA)
The Cardano (ADA) network, a first-level layer one blockchain, is in the final stages of its initial roadmap to achieve ultimate decentralization. With major network upgrades scheduled soon, the Cardano network has attracted more web3 developers ahead of the anticipated altseason.
Accordingly, a popular cryptocurrency analyst, Captain Faibik, believes that ADA price is well positioned for a bullish breakout soon. The cryptocurrency analyst highlighted that ADA will soon rise by at least 70 percent after confirming a bullish breakout of the falling wedge.