Twitter Telegram

    Learn everything Crypto, Blockchain & Web3 | ApeSpace Learn
    • View Charts HOT
    • Rugs/Exploits
    • Tutorials & Tips
    • Sponsored & PR
    Telegram Twitter

    Learn everything Crypto, Blockchain & Web3 | ApeSpace Learn
    Sponsored & PR

    Memecoins Signal Advent of Emerging Bull Market, Theorizes LBank Co-Founder

    By ApeSpaceFebruary 6, 2023

    A new generation of mainstream altcoins is emerging and making big waves on the crypto markets. The surge of these tokens might signal the dawn of a new bull market, hypothesizes LBank Co-Founder Johnason Chan.

    Driving the news: The recent rally of digital assets like Aptos (APT), Floki (FLOKI) and Highstreet (HIGH) are raising eyebrows.

    • The price of APT, the native token of layer 1 proof-of-stake blockchain Aptos, saw an increase of more than 380 percent in the last 30 days, according to CoinGecko.
    • Dogecoin spin-off FLOKI saw its price jump up by more than 200 percent in the same timespan. Meanwhile, metaverse gaming coin HIGH noted an eye-popping 336 percent rally in the last month.
    • “As a global launch pad for novel cryptocurrencies and blockchain projects, we are in a unique position to observe the latest developments on the frontiers of crypto,” Chan explains. “We listed Highstreet a few months before major competitors and took note of its tremendous performance. The wealth creation stemming from these tokens are signaling a bullish sentiment on the markets.”

    Go deeper: The end of 2023 could become the sweet spot for the next bull market.

    • “Following the hints of Fed chair Jerome Powell on possible ‘disinflation’, the interest rate hike cycle seems to pivot in favor of the markets. Some corners of the crypto markets might see even more investment going into Q2,” Chan suggests.
    • The Co-Founder of global exchange LBank sees a potential bull market emerging towards the fourth quarter of 2023. “And let’s not forget the next Bitcoin halving is coming up in around 400 days”, he adds.
    • For now, all eyes are on the emerging stars of the altcoin market, propelling optimism among investors. “FLOKI was one of our star listings last year, and is continuing to reflect the way traders behave,” Chan concludes.

    The post Memecoins Signal Advent of Emerging Bull Market, Theorizes LBank Co-Founder appeared first on BeInCrypto.

    This post was sourced from BeInCrypto

    Share. Twitter Telegram Facebook
    Avatar photo
    ApeSpace
    • Website
    • Twitter

    The ultimate crypto analytics platform for all traders! REAL TIME! - Charting - Trading - Analytics #ApeSpaceIO

    Related Posts

    UniLend Finance v2 Set to Launch on Polygon zkEVM

    March 20, 2023

    DeFi Protocol IPOR To Be Listed On Bitget On Mar 22nd, 2023

    March 20, 2023

    MixMarvel Is to Co-Host a Web3 Reception in Hong Kong

    March 20, 2023

    HeartX Launches Web3 Marketplace and Community

    March 20, 2023
    Latest Posts

    hi mom! i’m on the front page!

    March 21, 2023

    General Bytes crypto ATMs exploited for over $1.6 million

    March 20, 2023

    UniLend Finance v2 Set to Launch on Polygon zkEVM

    March 20, 2023
    The ultimate crypto learning site | Learn everything from Crypto, Blockchain, Web3 and more from beginner to expert | ApeSpace Learn
    © 2023 ApeSpace An Innovative Fuse Ltd Brand

    Type above and press Enter to search. Press Esc to cancel.