Market Breaks Up Through $2 Trillion, Altcoin Season Has Really Begun

Market Breaks Up Through $2 Trillion, Altcoin Season Has Really Begun

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The capitalization of the cryptocurrency market is constantly growing and for the first time exceeded $2 trillion. At the same time, the share of bitcoin is decreasing.

Over the past week, Bitcoin Dominance has dropped from 59% to 55%. Obviously, the market is growing due to altcoins. Most of the market growth is driven by large-cap altcoins. Ethereum is the most optimistic. However, other altcoins can bring good returns for investors.

Popular trader and crypto activist Michaël van de Poppe believes that the rally in the market will not end for a long time. In his forecast, he names several coins that, in his opinion, will grow from 300% to 3000%. Elrond (EGLD) will grow by at least 320%, to a price of $500-700. Elrond offers blockchain with extremely fast transactions due to the use of sharding technology. It is assumed that the fintech, DeFi and the Internet of Things (IoT) project will be developed on its basis. Elrond (EGLD) ranks 42nd in the Coinmarketcap rating.

The Polkadot smart contract platform (DOT), according to van de Poppe, will grow by at least 690%. DOT has been demonstrating good dynamics for several months now because it competes with Ethereum.

Ethereum (ETH) itself, according to the expert, can grow by 750% to prices ranging from $10K to $17.5K.
The Chainlink (LINK) oracles platform has somewhat lowered momentum in recent times. But, according to the analyst, its best times are ahead of it. As DeFi projects develop, LINK will begin to grow to a price of $250 – $350, that is, more than 1000%.

Another smart contract platform, Cardano (ADA), could grow 1600%. And this is easy to believe because ADA competes with BNB for third place in the CMC rankings.

Dia (DIA) can grow roughly the same way. DIA (Decentralized Information Asset) is an oracles platform for market participants to gain reliable information. DIA is ranked 357 in the Coinmarketcap ranking.

Van de Poppe is most optimistic about the Zilliqa (ZIL) project. The expert believes that this is the strongest competitor to Ethereum. The Zilliqa blockchain provides thousands of transactions per second, decentralized applications work well on it, allows staking and yield farming. The expert believes that ZIL may rise above 3200%.

Van de Poppe cautiously ignored the Ripple (XRP) token, which signals a possible return to the top three market leaders. On positive news from the courtroom, XRP hit a fresh three-year high at $0.94. However, the fate of Ripple still looks uncertain. And traditionally there are no forecasts for Binance Coin (BNB), which is growing due to the activity of Binance CEO Changpeng Zhao (CZ).