From Nasdaq: 2024-04-03 16:39:51

Bitcoin has reached new record highs this year, driven by institutional interest and anticipated Fed rate cuts. Altcoins are following its lead, with analysts predicting a breakout. The recent ISM Manufacturing PMI suggests the FOMC may hold off on rate cuts, but lower rates and the upcoming halving could push the crypto market higher.

Litecoin has surged following its classification as a commodity by the CFTC, with Coinbase planning to launch futures contracts. Analysts project a potential upside to $400 for LTC, which has also seen a record hash rate recently.

Uniswap, a decentralized exchange built on Ethereum, continues to lead the DEX space in trading volume. Its transparent model and lack of central control have drawn renewed interest amid FTX’s collapse. Uniswap remains integral to the evolving DeFi ecosystem.

Internet Computer is a decentralized network challenging Internet giants by providing an alternative infrastructure. ICP aims to offer limitless smart contracts, improving scalability and efficiency compared to Ethereum. A recent surge in ICP price followed pledges of $80 million in DApps and integration with Bitcoin. Analysts expect further gains in the future.

Read more at Nasdaq: 3 Cryptos Primed to Follow Bitcoin’s Latest Surge