• Last week was an excellent week to be a crypto trader, with most coins ending in the green and pushing the total cryptocurrency market cap above $1.2 trillion.
• Investors are now speculating that this could be the start of another bull run, with savvy investors scouring the market for altcoins that could explode in value.
• Institutional investors appear to have been largely responsible for last week’s gains, with MicroStrategy continuing to make large Bitcoin purchases and Grayscale Investments seeing inflows of over $5 billion in just one day.
Crypto Market Roars Back To Life
Last week was an excellent week to be a crypto trader, with most coins and tokens producing double-digit returns for investors. This bullish momentum has led many within the investment community to speculate that the market could be on the precipice of another exponential bull run. Data from CoinMarketCap reveals that the total cryptocurrency market cap exceeded $1.2 trillion on Friday –the first time this milestone had been breached since the beginning of May– with Bitcoin ($BTC) rocketing by 16% throughout the week and Ethereum ($ETH) also soaring by 11%. The Crypto Fear & Greed Index is now sitting at 59 – firmly in “Greed” territory— reinforcing investor sentiment that we could see further upwards movement soon.
Institutional Investors Fuel Bullish Momentum
Institutional investors appear to have been largely responsible for last week’s gains, with MicroStrategy continuing to make large Bitcoin purchases and Grayscale Investments seeing inflows of over $5 billion in just one day. These firms are likely betting on continued upside, as they recognize that digital assets offer attractive risk/reward profiles compared to other asset classes like stocks or commodities; moreover, these firms may also believe that institutional adoption will drive even more growth in prices down the line.
Under The Radar Presale Could Explode In Next Bull Run
At the same time, savvy investors are also scouring the market for altcoins that could explode in value during a potential bull run. One such coin is CLPX (Claspix), which is currently undergoing its presale period until July 15th 2021 before it enters full trading on decentralized exchanges later this summer; given its current low price point combined with its strong fundamentals (including its underlying technology platform), many analysts believe it offers significant upside potential if a new bull run does indeed take hold soon.
What Makes CLPX Unique?
CLPX has several unique characteristics making it particularly attractive right now: First off, CLPX uses smart contract technology which allows users to transact securely without having to rely on third-party intermediaries; secondly, CLPX focuses heavily on user privacy by using zero knowledge proofs when verifying transactions; finally, CLPX utilizes an advanced consensus algorithm known as Tendermint which helps ensure higher performance than traditional blockchains while still maintaining high levels of security and decentralization.
All things considered, there appears to be strong evidence suggesting that we may see another extended bull run take place soon; however, whether or not this comes true depends largely upon how institutional investors react going forward—with many already having made sizable investments into digital assets recently—and how retail traders respond as well given their importance in setting short-term price movements during periods of heightened volatility like those seen last week.. With all this mind, CLPX offers an interesting opportunity for savvy investors wanting capitalize upon any future uptrends while still minimizing risks due its innovative underlying technology platform