Altcoin Market Surges to $1.1 Trillion: Analysts Predict Massive Gains and Historic ETF Impact
May 28, 2024The altcoin market has surged past $1.1 trillion, signaling a potential 'altseason'.
An inverse head-and-shoulders pattern indicates a possible triple increase in market cap.
Influencer Lark Davis predicts Bitcoin to reach $150,000 and Ethereum $15,000, attributing this to the impact of ETFs.
Grayscale's upcoming ETH ETF is anticipated to attract significant investments, potentially making altcoin history.
Bitcoin ETFs in the US have already garnered over $2 billion in the last two weeks, driving market growth.
With altcoin market dominance on the rise and Bitcoin's dominance declining, experts remain optimistic about increased market capitalization and exciting price hikes across altcoins.
Summary based on 2 sources
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Sources
Coinpedia Fintech News • May 28, 2024
Lark Davis's Bitcoin and Ethereum Price Prediction: Altcoins Rally with Record ETF InflowsAMBCrypto • May 28, 2024
Altcoins to triple in value? Analysts predict a breakout!