The crypto market is back to winning ways. Bitcoin is poised to hit $6k soon, if it continues with its current momentum. As it rises, it is pulling up the entire market with it, as can be seen in its price action at the moment. At the time of writing, Bitcoin (BTC) is up by 5%, and some altcoins are already up by double digits. If Bitcoin breaks $6k altcoins that have strong fundamentals stand to gain the most. Let’s look at some of those with the most potential.
There is something about Tezos that sets apart from most altcoins. This is a complete project, and it seems to have got everything right in terms of development. The project got it right in governance, security, scalability among other areas. The best part is that the market is finally starting to discover the power of Tezos in the market. Therefore, it is not surprising that Tezos has been on a consistent bullish trend for quite some time, edging up crypto rankings in the process.
As Tezos shapes up as the favorite European crypto for smart contracts, its value will continue to rise, and it could soon be in the top 10. In essence, with an increasingly bullish bitcoin (BTC), it makes lots of sense to hold Tezos (XTZ). At the time of writing, Tezos is up by 12%, a good indicator that its bullish momentum is getting stronger. It has a real chance of becoming a top performer this year. As a matter of fact, it is one of the top performers for the last 3 months, and is simply gaining momentum as the rest of the market catches up.
Litecoin (LTC) is another crypto that holds lots of potential if Bitcoin (BTC) maintains its current momentum going forward. It is noteworthy that Litecoin (LTC) has been bullish for the last 3 months. Since January, Litecoin (LTC) is up 5X and has only retraced slightly to around $79. Litecoin is largely supported by the upcoming halving.
The Litecoin halving is coming up in August, and it’s a key factor that is supporting the price of Litecoin this year. In essence, a bullish Bitcoin (BTC) is likely to give Litecoin (LTC) a major push going forward. This makes a crypto worth keeping an eye on this year. If bullish breaks $6K and continues trending higher, Litecoin (LTC) could easily push back to its all-time highs within the year.
Cardano (ADA) is another gem that could make some huge moves if the crypto market turns bullish. Cardano is supported by all the fundamental advancements it has made so far. Its biggest development that is likely to keep it bullish is the Shelley release.
Shelley is making Cardano decentralized, and will allow investors to stake Cardano (ADA). This is highly anticipated and in a bullish market, money is likely to flow into Cardano in high volumes, and give it a significant bullish push. This is a