Bear in May Could Be a Turning Point for These 2 Cryptocurrencies
Following Bitcoin's (BTC) recent drop to $61,000, the cryptocurrency market is buzzing with speculation and excitement about a potential altcoin season. Analysts are predicting a significant rise in altcoin valuations due to Bitcoin's price movements and broader market dynamics.
As Bitcoin stabilizes, attention is shifting to various altcoins in particular that are poised to lead the next market cycle. The expanding role of decentralized finance (DeFi), continuous improvements in blockchain scalability, and increased use of smart contracts are the key factors expected to lead to a significant rise in the altcoin.
Meanwhile, this increase is expected to push several altcoins beyond the $5 billion market cap mark. This marks a significant milestone in their valuation and impact on the cryptocurrency landscape.
In this news, we will examine two cryptocurrencies that are likely to exceed this threshold. These assets are approaching inflection points with their trajectories depending on the continuation of the bull run and factors such as supply inflation. High supply inflation can increase market values even if prices remain unchanged.
