Cryptocurrency prices are poised to extend gains following a bullish end to April.

Cryptocurrency prices are poised to extend gains following a bullish end to April. The recovery witnessed in the broader market reflects growing interest among retail investors, with select top 200 altcoins, such as ImmutableX (IMX), Morpho, and Turbo, flying the bullish flag high, boasting the highest gains over the past 24 hours.

Positive altcoin sentiment attracts retail investors

The total market capitalization crossed the $3 trillion mark following a 10% increase in the final eight days of April. It stands at $3.12 trillion at the time of writing on Friday.

According to Santiment’s biweekly market update, “this surprise rebound has led many to shift their attention and profits into smaller altcoins.”