The crypto markets are following a range-bound consolidation after the latest upswing, which suggests the bulls and bears continue to remain vigilant. Mainly due to the top two tokens, Bitcoin and Ethereum, surging above the pivotal resistance and sustaining, the market participants seem to have turned optimistic about the upcoming price action. Therefore, the other altcoins, which are largely not in the top 10, have received immense attention from them. This suggests these tokens have a huge potential to trigger a strong rise once BTC price resumes its journey to a new ATH.
The beginning of the second quarter was pretty bullish for the entire crypto space, with the Bitcoin price surging above the consolidated zone. This move triggered many altcoins, with Fartcoin rising over 180% in a month, followed by Virtual Protocol at 140% and Pudgy Penguins at 100%. Apart from these tokens, here are the top 10 altcoins that have gained massive social dominance along with a bullish price performance. They are,
- Bonk (BONK)
- Monero (XMR)
- Sei (SEI)
- Bittensor (TAO)
- Near Protocol (NEAR)
- Render (RENDER)
- Algorand (ALGO)
- Polkadot (DOT)
- XDC Network (XDC)
- Aptos (APT)
A popular on-chain platform, LunarCrush scanned the top 100 cryptos and listed these tokens, which have gained significant user attention in the past 30 days. The altcoin ranking of these tokens has risen significantly, indicating a decent rise in the market capitalization and strength of these altcoins. The market cap is rising, which indicates these tokens carry a huge potential of triggering a massive upswing in the coming weeks.
The global scenarios, specifically the trade war, are slowly losing it’s intensity and with this, the investors have gained huge confidence. Besides, the tariffs are believed to harm the US economy by many CEOs, and this could be a massive bullish signal for Bitcoin, altcoins and the entire crypto market. Now that the BTC price is close to resuming with a strong upswing back to $100K, the Ethereum price and all the altcoins are expected to gain strength. With this, a Bitcoin bull run may occur, igniting a strong Altseason soon.
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