Top 2 Altcoins to Buy for Fast Profits as Crypto Market Stabilizes

### Story Highlights

The total market capitalization has held steady at approximately $2.43 trillion, with Bitcoin spearheading a positive outlook. Favorable regulatory environments, such as the EU’s MiCA framework, are drawing institutional investors to the crypto market. Polkadot (DOT) and Cardano (ADA) are exhibiting technical indicators and increased investments that suggest potential price surges. There’s a market shift underway – are you prepared?

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After weeks of uncertainty and outflows, the total cryptocurrency market cap has surprisingly stabilized around $2.43 trillion in the past 24 hours. Leading this charge is Bitcoin, hinting at a potentially bullish turn of events.

In recent days, there has been a gradual shift from the notable cash outflows observed in crypto investment products. For instance, US-based spot Bitcoin ETFs recorded nearly $130 million in total cash inflow on Monday, with none of the issuers reporting negative cash flow. This positive momentum reflects growing investor confidence in the cryptocurrency market.

### Market Confidence Gets a Boost

The cryptocurrency market has greatly benefited from a favorable regulatory environment in recent months. The European Union has begun enforcing the Market in Crypto-Asset (MiCA) regulatory framework, which is expected to seamlessly attract more institutional investors to the web3 space in the region. Similarly, other major jurisdictions, including India, the United States, the United Kingdom, Singapore, and Hong Kong, are moving in the same direction. Despite China’s ban on Bitcoin mining, Chinese mining pools still hold nearly 54 percent of the market share.

### Top Altcoins to Buy Now

**Polkadot (DOT)**

Polkadot (DOT), a rapidly growing layer-zero network supported by an active community of developers and investors, has been forming a bullish outlook on the weekly time frame. From a technical standpoint, DOT’s price has already broken out of a macro-falling wedge and is on the verge of a 40-50 percent rally.

> $DOT
> #Polkadot
> Seems like bottomed out & Ready to Fly..
> pic.twitter.com/UIQkfTrj2p
> — Captain Faibik (@CryptoFaibik) July 2, 2024

With a fully diluted valuation of about $9.2 billion, this mid-cap altcoin has spent around $37 million on marketing year-to-date. Notably, the Polkadot ecosystem invested $2 million in the Indy 500 by directly sponsoring legendary race driver Conor Daly.

**Cardano (ADA)**

Cardano (ADA), a top-tier layer-one blockchain, is in the final stages of its initial roadmap to achieve ultimate decentralization. With major network upgrades on the horizon, the Cardano network has attracted more web3 developers ahead of the anticipated altseason.

> $ADA
> Falling Wedge Breakout is finally Confirmed after long Consolidation..✅
> Expecting +70% Bullish Rally in Coming days..
> #Crypto
> #ADA
> #Cardano
> #ADAUSDT
> pic.twitter.com/MO5pTnOkZh
> — Captain Faibik (@CryptoFaibik) July 2, 2024

As a result, popular crypto analyst Captain Faibik is confident that the ADA price is well-positioned for a bullish breakout soon. The analyst highlighted that ADA could rally at least 70 percent after confirming a falling wedge bullish breakout.

By focusing on these developments, investors can stay informed and potentially capitalize on the bullish trends in the cryptocurrency market. Remember, the crypto market is still young and volatile. Invest responsibly!

### Tags
Altcoins
Price Analysis