The crypto market experienced a recovery after US President Donald Trump directed the Presidential Working Group to develop a crypto strategic reserve. As the feeling of rise increases, some subcoins gain traction, and some approach important valuation milestones. Among these, 2 Altcoin stands out. Crypto Aneena Alex,In March, these 2 tokens are on the table to reach a market value of $ 10 billion.
Altcoin in the first row: Litecoin (LTC)
Litecoin is currently trading at $ 114.24 with a market value of $ 8.63 billion. Altcoin shows the potential to reach a market value of $ 10 billion in the near term. Since Nasdaq has applied to the SEC 19B-4 for Coinshares Litecoin ETF, the increasing expectation of Litecoin ETF approval is an important catalyst. Litecoin takes advantage of a clear regulatory status by CFTC’s classification of it as an commodity and reducing the risk of SEC intervention.
LTC price and market value. Source: coinmarketcapThis clarity makes LTC more attractive for corporate investors, especially if an ETF receives green light. Further supporting this view, Litecoin’s derivative market shows that investor interest has increased with an increase of 225.80 %to $ 3.10 billion. The open position rate decreased by 6.13 %to $ 561,06 million, while Long/Short position rates continue to rise in large stock markets. In addition, there is a strong tendency towards long positions. Considering these factors, a rally towards $ 132 may occur soon and the market value may exceed 10 billion dollars.
SUİ (water) is in the second place!
Sui has a good position to reach a market value of $ 10 billion thanks to its strong corporate adoption and ecosystem expansion. Despite the exit of a record crypto market of 2.9 billion dollars last week, Sui challenged this train and drew $ 15.5 million input. Thus, even leaving the XRP behind was the best performance in the decline.
Sui price and market value. Source: coinmarketcapSui’s derivative market activities also support the rise appearance and indicate that the transaction volume increased by 98.04 %to $ 2.17 billion by increasing the participation of investor. The open position rate decreased by 2.63 %to $ 583.44 million, while the Long/Short position rates continue to rise strongly with OKX’s 3.07 and Binance water/USDT 2,8052.
Technical estimates also emphasize optimism, and analysts point to more earning potential by estimating that SUI can reach $ 6. If the acceleration continues, it will be enough to reach $ 3.15 with a modest increase of 8.5 %to exceed the market value of SUİ’s market value of 10 billion dollars.
The opinions and forecasts in the article belong to the expert and are not definitely investment advice. Kriptokoin.comWe recommend that you do your own research before investing.
