Top Two Altcoins to Consider Holding in the Upcoming Weeks Amid Continued Positive Crypto Market Sentiment
In the dynamic world of cryptocurrency, the total market capitalization has found a steady footing at approximately **$2.43 trillion** over the last day, with Bitcoin (BTC) spearheading the overall positive sentiment. The recent trend has seen a reversal from the weeks of significant withdrawals from crypto investment vehicles to a more optimistic inflow of funds.
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Notably, on Monday, U.S.-based spot Bitcoin ETFs witnessed a substantial influx of capital, totaling close to **$130 million**, marking a day without any reported outflows.
**A Favorable Climate for Crypto Regulation**
The crypto sphere has reaped the benefits of a favorable regulatory climate in recent months. The European Union has taken proactive steps by implementing the Market in Crypto-Asset (MiCA) regulatory framework, paving the way for a surge of institutional investors into the web3 domain.
Simultaneously, other key regions, including India, the United States, the United Kingdom, Singapore, and Hong Kong, are aligning with this regulatory shift. Despite China’s clampdown on Bitcoin mining, Chinese mining collectives continue to dominate, holding approximately **54%** of the global market share.
**Emerging Altcoins Worth Attention**
**Polkadot (DOT)**
$DOT
#Polkadot
Anticipated to ascend from its current position, Polkadot is signaling a takeoff.
![Polkadot Image]
— Captain Faibik (@CryptoFaibik)
July 2, 2024
Polkadot stands out as a rapidly expanding layer zero network, buoyed by an active community of developers and investors. The technical charts reflect a bullish trend for DOT, having broken free from a macro descending pattern, with projections indicating a potential **40-50%** surge.
With a valuation nearing **$9.2 billion**, this mid-cap altcoin has allocated approximately **$37 million** towards marketing efforts this year alone. A notable highlight includes a **$2 million** sponsorship deal for Conor Daly, the celebrated racing icon, at the Indy 500.
**Cardano (ADA)**
Cardano’s blockchain, a premier layer one protocol, is on the cusp of achieving its decentralization goals. Anticipating significant network enhancements, the Cardano ecosystem has become a magnet for web3 developers, in anticipation of the upcoming altcoin season.
$ADA
The breakout from a prolonged Falling Wedge pattern is now confirmed. ✅
A bullish surge exceeding **70%** is on the horizon.
#Crypto
#ADA
#Cardano
#ADAUSDT
![Cardano Image]
— Captain Faibik (@CryptoFaibik)
July 2, 2024
Crypto pundit Captain Faibik projects a bullish trajectory for ADA, forecasting a minimum **70%** rally following a confirmed breakout from a falling wedge pattern.
**Tags**
Altcoins
Price Analysis