Altcoin Season Approaching? 4 Cryptocurrencies Poised for Major Gains
The altcoin market has been stuck in a bearish trend for the past five months, despite increasing interest from institutional investors. However, with clearer crypto regulations emerging in the United States, the stage is set for potential altcoin growth.
For instance, the SEC has stepped back from investigations into Ethereum and Solana as securities, and the recent SEC vs.
Ripple case saw XRP largely classified as a commodity. These developments suggest that the much-anticipated altseason could be just around the corner, with many altcoins on the brink of a bullish breakout.
Top Altcoins to Watch
ApeCoin (APE)
ApeCoin (APE), an ERC-20 governance and utility token, has made a name for itself in the NFT space. This small-cap altcoin, with a fully diluted valuation of approximately $648 million and an average daily trading volume of around $33.8 million, is on the edge of a bullish breakout from a weekly falling logarithmic trend.
Crypto analysts at ZAYK Charts predict that if APE can consistently close above this trend, its price could surge by at least 51% in the near term.
As the market prepares for a potential altseason, these cryptocurrencies are worth keeping an eye on, especially as they show signs of breaking out of their bearish patterns.
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