The cryptocurrency market closed last week on a bullish note led by Bitcoin (BTC), which briefly regained $70k. The continued high interest in digital assets and web3 products from institutional investors helped the industry record over $862 million in inflows last week. As a result, the global cryptocurrency market cap is currently hovering around $2.72 trillion.
With the highly anticipated fourth Bitcoin halving about two weeks from happening, it is prudent for every investor to reposition their crypto portfolio in preparation for further growth.
The altcoin industry led by Ethereum (ETH) has been preparing to rally further after a profitable first quarter of 2024. Furthermore, Bitcoin’s dominance has signaled an inevitable reversal in the coming weeks after reaching a record psychological resistance level of around 54 percent.
According to reputable stock and crypto analyst Peter Brandt, Ethereum’s price is about to gain against Bitcoin in the coming weeks. With the uncertainty surrounding the approval of spot Ethereum ETFs, most analysts are confident of a lifetime opportunity.
Solana (SOL) and its crypto projects have dominated the cryptocurrency bull market in the past few months. Additionally, meme coins and AI-focused crypto projects have experienced significant growth.
According to a popular crypto analyst, Michaël van de Poppe, a fresh altcoin season is inevitable in the coming weeks. As a result, the crypto analyst argued that crypto projects focused on decentralized physical infrastructure network (DePIN), Real-World Assets (RWA) tokenization, and Ether ecosystem are likely to lead in the upcoming altseason.
Top crypto projects in the DePIN sector include Filecoin (FIL), Render (RNDR), The Graph (GRT), and Thera Network (THETA).
Crypto projects in the RWA sector include Ondo (ONDO), MANTRA (OM), Pendle (PENDLE), and XDC network (XDC).
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