Accumulate

Rally

United

Choppy

<p>The post <a href="https://coinpedia.org/news/crypto-news-today-altcoin-market-cap-set-to-consolidate-before-rally/">Don’t Fear the Consolidation! Analysts Predict MASSIVE Altcoins Bull Run</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Recent days have seen the cryptocurrency world locked in a constant struggle between buyers and sellers, leading to a phase of consolidation with no clear winner. This uncertainty surrounding <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin (BTC)</a> has prompted investors to take profits across the altcoin market in the short to mid-term.</p> 
<p>Despite this flux, savvy traders are strategically accumulating specific crypto assets, anticipating significant rallies in the near future.</p> 
<h2 class="wp-block-heading" id="h-key-catalysts-on-the-horizon"><strong>Key Catalysts on the Horizon</strong></h2> 
<p>The crypto space finds support in fundamental factors like the fourth Bitcoin halving and recent approvals of spot BTC and <a href="https://markets.coinpedia.org/ethereum-etf/">Ethereum ETFs</a> in major financial centers such as the United States and Hong Kong. These developments set the stage for increased institutional investment, bolstering liquidity within the industry. </p> 
<p>Notably, Singapore’s leading bank, DBS, has revealed holdings of nearly $650 million worth of Ether, according to Nansen data, highlighting the growing acceptance of cryptocurrencies.</p> 
<h2 class="wp-block-heading" id="h-waiting-for-stability">Waiting for Stability </h2> 
<p>While some altcoins, particularly in the meme coin realm, have witnessed remarkable gains, most others are still finding their footing after the bearish breakout earlier this year. </p> 
<p>Renowned crypto analyst Michaël van de Poppe predicts that the total altcoin market cap will soon stabilize around $667 billion, indicating a potential turning point.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">As stated, a period of boredom is taking place for the markets.<br><br>Expecting that the sideways consolidation continues for a little bit. <br><br>Further downwards pressure for the <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> seem unlikely. <a href="https://t.co/sDG9NIK5K7">pic.twitter.com/sDG9NIK5K7</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1796113067996254345?ref_src=twsrc%5Etfw">May 30, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Van de Poppe’s optimism is shared by another respected analyst, MikyBull Crypto, who draws parallels between the current altcoin market and the rally seen in 2016/2017.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> <br><br>It might seem like it's over to shake off weak hands before the monster rally sets in. <a href="https://t.co/T78BWRiDPu">pic.twitter.com/T78BWRiDPu</a></p>— Mikybull 
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f402.png" alt="🐂" class="wp-smiley" style="height: 1em; max-height: 1em;">Crypto (@MikybullCrypto) <a href="https://twitter.com/MikybullCrypto/status/1796104281705038224?ref_src=twsrc%5Etfw">May 30, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>According to this view, the ongoing correction is a final adjustment before an expected significant surge, suggesting a prevailing sentiment of impending bullish momentum in the altcoin realm.</p> 
<p>Also Check Out : <a href="https://coinpedia.org/news/vanguard-faces-criticism-over-refusal-to-list-spot-ethereum-etfs/">Vanguard Faces Criticism Over Refusal to List Spot Ethereum ETFs</a></p>

Don’t Fear the Consolidation! Analysts Predict MASSIVE Altcoins Bull Run

Table of Contents

CoinPedia News

Other articles published on May 30, 2024

What is Polymarket? A Next Gen Crypto Prediction Market

Floki price prediction for 2024 and beyond

OpenSea CEO remains optimistic about the future of NFTs, emphasizing growth

Mother Iggy Price Prediction: MOTHER Plunges 54% Amid Insider Trading Claims For Rapper Iggy Azal...

Transactions Exceeding $1M Dominate the On-Chain Volume of TON

Introduction to Openfabric Text to Animation AI App

Join our free newsletter for daily crypto updates!