The cryptocurrency market may be entering the early stages of another bull run. Bitcoin (BTC) has reclaimed the $85,000 price point after its recent dip to sub-$80,000 levels. The global crypto market cap has increased to $2.9 trillion. The crypto industry faced substantial barriers over the last month and a half. The clouds finally seem to be moving away.

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Cryptocurrency Market Rises

The latest market resurgence is likely due to the Federal Reserve keeping interest rates unchanged. Investor confidence may have spiked as a result of the Fed’s decision. Inflation growth rate has also cooled in February. The Fed could introduce a rate cut very soon.

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The rally could also be due to Paul Atkins taking over as the new SEC chair later this month. Atkins is expected to be pro-crypto and lenient, unlike his predecessor Gary Gensler.

Top 3 Cryptocurrencies That Could Rally By More Than 300%

1. Dogecoin (DOGE):

DOGE has experienced quite a price dip over the last month. Despite the correction, the meme cryptocurrency could be on its way up once again. According to CoinCodex, DOGE could rise to $0.75 on Apr. 15. DOGE’s price will rally by about 341% if it hits the $0.75 target.

2. Pepe (PEPE):

PEPE is another meme cryptocurrency that has faced a steep correction over the last few months. The asset is predicted to hit a new all-time high of $0.00003518 on Apr. 27. PEPE’s price will rally by nearly 366% if it hits the $0.00003518 target.

3. Official Trump (TRUMP):

TRUMP was launched in January of this year. The cryptocurrency skyrocketed after US President Donald Trump’s inauguration. TRUMP has since faced a substantial price correction. CoinCodex predicts TRUMP will regain momentum soon. The platform anticipates the asset to rally by 379% to $54.17 in late April.

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