With the return of the greed index to high levels (~70+) and the influx of capital from Bitcoin, analyses suggest that the **alternative coin market** is on the brink of a historic bull run. Here are the top indicators and candidate projects:
🔥 Top candidate cryptocurrencies:
1. Pikamoon $PIKA: The "Meme Token" project with a small market cap (~$1.7M) and growth factors like migration to Solana and burning part of the supply, making it a candidate for achieving 50-100x according to forecasts.
2. **Ethereum (ETH)**: close to breaking resistance at $4,500 after rising 110% in 3 months, supported by institutional flows like Peter Thiel's investments.
3. **Sui ($SUI
)**: the "Solana Killer" platform with outstanding performance (~297k TPS) and technical updates pushing it back to $5+ levels.
📊 Bullish Indicators:
- **Bitcoin Dominance**: at 64%, and if it drops below 54% it may trigger an "altcoin" wave.
- **Liquid Capital**: $1.7 billion flow of stablecoins to exchanges last week, boosting altcoin liquidity.
- **Market Cap**: Total altcoin market (TOTAL2) at $1.5T, with potential to reach $5T.
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