Expert Analyst Predicts Major Surge for Two Altcoins: Coin Names and Symbols Revealed!

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Cryptocurrency Market Rebounds After Interest Rate Decision

The cryptocurrency market experienced a downturn ahead of the Federal Reserve's interest rate decision last week, but rebounded over the weekend following the release of non-farm payroll data on May 3rd.

Amidst the sustained short-selling pressure, certain cryptocurrencies are exhibiting potential for rapid growth. Crypto analyst Vinicius Barbosa highlights the 'short squeeze' potential for two altcoins.

Potential 'Short Squeeze' for Two Altcoins

Discover the potential 'short squeeze' for two altcoins in the cryptocurrency market as it rebounds from its recent downturn. Explore the factors contributing to this potential and its implications for investors.

Warning: 'Short Squeeze' for Two Altcoins After Bitcoin

As reported by CoinOtag, the total crypto market value reached a local bottom on May 1st. However, it has since recovered and surged by over $277 billion. The index witnessed a remarkable 13% gain within three days, reaching a local high of $2.318 trillion on May 4th.

Amidst the prevailing fear, uncertainty, and doubt (FUD), cryptocurrency traders engaged in substantial shorting of Bitcoin (BTC) and other cryptocurrencies, increasing the likelihood of short-selling events and targeting higher prices. Two altcoins, in particular, are notable for their negative funding rates and accumulated short positi... Continue reading for FREE at COINOTAG!