Market is on SALE right now What's the best coin to buy in this situation? Here's my pick :
1. SOL, currently nearing support area at 100, RSI indicator is oversold. If it reaches 100-120 is good area to buy. You can potentially double your portfolio if SOL reaches 200 again
2. ETH, finally you have the opportunity to buy again below 3k. ETH Spot ETF has started trading at Hongkong. Literally the only altcoin that has spot ETF. Institutions money will come sooner or later
3. BTC of course, demands below 60k is HUGE. Once those orders are filled BTC will be unstoppable. Right now post halving we have a lot of miners shorting BTC as hedge. Soon those sell pressure will gone and thus the bull run of 2024 will start
Stay safe, don't panic, always see corrections are opportunity Be greedy when others are fearful!
Despite market volatility, $BNB remains stable in 3 month chart Compared to $BTC $ETH it's clear BNB outperform them And SOL dropped from 200 made people losing money
In every cycle May generally is not a good month However BNB still remains strong and continue outperform other Bigcaps
In 3 months CZ will be released, and hopefully bringing more confidence to the BNB market
$BNB is guaranteed to go 800$ according to Cointelegraph Analyst
BNB (BNB) price is trading below $600 after a two-day rally saw it increase its value by 5.5% to reach a high of $605 on May 9.
Even with today’s pullback, data suggests that BNB price remains bullish on the longer timeframe. The layer 1 token has soared 83% over the last 30 days and 91% in 2024 alone to reach a multi-year $645 on March 16. This rally brought BNB within a 7% reach of its all-time high of $690 reached on May 10, 2021.
Since then, BNB has been consolidating within a wide range, stretching from $500 to $620, leaving many traders wondering when the token will break out toward its all-time highs. Let’s look at the factors that could potentially send BNB higher.
Binance exchange still leads in trading volumes and market share
Binance remains the top crypto exchange in terms of market share, even with its reduced trading activity in April.
After a wild legal ride in 2022 that ended with the former Binance CEO Changpeng Zhao receiving a four-month prison sentence and a $4.3 billion fine for the exchange, Binance managed to recover its market share, which climbed for five consecutive months between October 2023 and March 2024 to more than 40%.
This is $BNB weekly chart BNB remains the strongest Bigcaps despite BTC volatility
If you look at it closely, BNB remains strong above 580 Everytime it go below it always bounce back to 580
BNB demand in those area is huge, however it's also having hard time to break 620 resistance If those resistance are broken, we can expect BNB to break ATH in a flash You don't want to miss the pump
So why haven't you hold BNB? If Binance announce new Megadrop project it can break those resistance easily. You don't want to miss those moments, or else you will be too late to buy
We still have 500 days for Bitcoin Bull Run since halving 60k seem to be the perfect area for accumulating Bitcoin
Though I recommend to invest on bigcaps. Because Alts are starting to reclaim it's dominance. Always study the previous trends and history. It's technical data we can't simply ignore
$BNB is having hard time to break 620 barrier even though we have launchpools Here's my Analysis :
If BNB want to break ATH, Binance need to restructure Launchpool The problem about current format is the % allocation for BNB
I did complained about previous 80% allocation for BNB (You can check my very first post) And Binance did listen, they increase it to 85% for BNB holders
If we're calculating using USD, you're going to surprised staking FDUSD can be more beneficial in Launchpools. Staking using stable coin is safer because you aren't subject to market fluctuations
Staking using BNB gives you slightly more reward, but the fluctuations after Launchpool can be harmful to your portofolio
While BNB price keep increasing means barriers to entry for Launchpools also increasing. Launchpools aren't profitable for Retail Investors
If somehow BNB went above 620. Staking using FDUSD generally more safer If you don't believe me go try invest 1k in both asset. And see what happen with your portofolio after Launchpool ended
Launchpools actually making BNB harder to break ATH Because if BNB price kept increasing, Launchpool will be harder to enter for Retail Investors
Solution to this problem :
BNB should be the only coin to stake for Launchpools so we're not calculating based on USD
Megadrop actually using a better format where BNB is the only coin to hold
But if FDUSD is still present the allocation should be : 95% BNB 5% FDUSD
Let's hope Binance listen, because they did listen to increase the reward from 80 to 85%
Top 6 Memecoins according to VanEck If you're Memecoin fan this 6 is a must have in your portofolio
1. DOGE 2. SHIB 3. PEPE 4. WIF 5. FLOKI 6. BONK
VanEck's digital asset research director, Matthew Sigel, has announced the launch of a Meme Coin Index under the company's MarketVecto brand. The index includes six types of tokens with a cap of 30%. This move signifies VanEck's recognition of the growing popularity and influence of meme coins in the digital asset market.
BNB crossed 600 mark again. There's a big chance this could be a hint for new Launchpool or Megadrop
Im currently Bullish for BNB but if Launchpool is happening this is Bearish for previous Launchpools token like REZ SAGA OMNI
Historically new Launchpool is a good news for BNB but bad news for previous Launchpool coins. This is because big holders will sell those Launchpool coins to buy BNB to participate for the next Launchpool project
So my strategy is selling those coins and accumulate more BNB
Korea is one of the biggest crypto industry in the world
South Korea’s left-wing Democratic Party plans to request financial regulators to review the currently banned spot bitcoin exchange-traded funds, according to a South Korean news report. This signifies the party’s next step in its initiative to make spot bitcoin funds locally accessible
If it approved it will be one of the biggest player in the Bull tun#
BTC is down again, yet BTC dominance starting to decreasing What's that means?
BNB/BTC starting to form a bullish pattern. With RSI at 60 it's clear we are projecting for a new high
BNB/BTC previous ATH is 0.019
Potentially BNB can break 0.020 price against BTC So let's say BTC is 100k, then BNB would be 2.000$ which means almost 4 times from current price
Should you hold BNB during the alt season? Yes it's your safest bet. Because crypto industry will be flooded by alts and everyone will try to list their coin to the biggest exchange in the world, Binance
For Bitcoin to remain in bullish pattern, weekly candle has to close above 64k this week We have so many support from BTC spot ETF.
Right now inflow from those ETF are net inflow. Which means smart money is buying, accumulating Bitcoin in 60k area
Blackrock knows their game. We're still early and Bull run is still in the beginning We're waiting for more institutions to come in and that's when Bitcoin will explode
Unless you're Blackrock, dont time the market Timing the market is trying to guess top and bottom and literally there's no person on Earth able to guess perfectly time in the market
HOLD is the best strategy during bull run Few days ago BTC broke 60k support and everyone is calling 50-55k
A lot of people panic sold, hoping to buy lower. Some people even use Leverage to short Now they're rektd, BTC didn't even reach 55k. And those same people are panic buying at 64k.
BTC demands below 60k is huge. Blackrock tried to buy at 70k but onchain data suggest no one wants to sell their Bitcoins
So ETFs like Grayscale are unloading their Bitcoin and start accumulating below 60k To beat those whales all you need to do is simple. Hold, dont let them take your coins and you will be rewarded
6 Coins you should always hold during 2024 Bull Run
My analysis using Fundamental aspect :
1. $BNB I believe BNB is the first Bigcaps that will break ATH. BNBChain currently has the most dapp comparing to other competitors. BNB right now is undervalued, it should be around ETH marketcap which is 4x time increase from current price
2. $BTC if there's a coin that you can hold for 100 years without any worry then BTC it is. Holding BTC is the easiest strategy to make money in Crypto. BTC is the perfect coin, why the price is so high up there because it's simply the literal first and the best coin in crypto industry.
3. $ETH will ETH outperform BTC? Maybe, the new protocol made ETH more attractive to invest. It provides a lot of function over BTC. So holding ETH and BTC together is your best bet to beat the market.
4. SOL almost every new memecoin are built with SOL. But I am investor, I don't gamble on memecoin. So I pick the Layer 1 coin to guarantee I can profit of it during the altseason
5. TON is the new contender in this cycle. In every cycle there will be a completely new coin that will outperform every older coin. My guts telling me TON will be one of them. It will explode if somehow Binance decide to list it in the Spot market
6. Doge yes I don't gamble on memecoin. However doge is a good coin. In every cycle doge ALWAYS break ATH. It can potentially goes to 1$ during the altseason. Elon definitely still a doge fan, he allowed Tesla payment with dogecoin. So you can't underestimate it when the most richest guy on the planet is backing the coin
Calling it now, BNB will be the first bigcaps to break ATH
If Binance announce a new Launchpool or Megadrop project. It could potentially shoot BNB to break 620$ Key Resistance and on the way to break ATH
I'm a bit surprised how BNB still maintaining 550-600 area despite Bitcoin sharp turn to 56k BNB has become more matured, lot of BNB are locked and more BNB are burned
So my Price prediction for BNB in this cycle. I expect 1.000 before at the end of year and potentially double when Altseason starts