Market Scenario: The current market scenario suggests that $BTC may trade sideways for the next 3-6 months, with a narrow range of $60K-$68K and a wider range of $56K-$80K. During this period, the influx of funds driven by NEWS is expected to benefit certain categories.
Review this post to explore the events that could shape the narrative!
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Below are the list 5 project that you should watch in May
1. Wormhole $W
![](https://public.bnbstatic.com/image/pgc/202405/3e3d1a09aa22178c0e84fbdbe2c008ae.png)
Wormhole is the leading interoperability platform that empowers development and growth across blockchains. Wormhole provides developers access to liquidity and users on over 20 of the leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more.
Category: Interoperability, DeFi, Web3.
Backers: Coinbase Venture, ParaFi Ventures, Multicoin Capital, Jump Trading.
Founder: CEO Saeed Badreg (Ex-work: Strategic Partnership at Jump Crypto), Anthony Ramirez (Ex-work: Strategic Project at Jump Crypto), Tony Jin (Ex-work: Head of Engineering at Twitch and Jump Crypto).
--> Key information: The heavyweight competitor of Wormhole, LayerZero, has also undergone a snapshot and is preparing to launch its token. This could be the beginning of an Interoperability wave. Based on the backers and founders involved, Jump Trading is expected to drive the price, while Coinbase will provide resource support.
Despite being a technology coin, the price of W is currently fluctuating within the accumulation range of 0.54 - 0.75 and forming a U-shaped chart pattern, potentially bringing the price of $W back to the $2 range or higher. This wave may occur as the market FOMO's following news about LayerZero.
2. FriendTech - $FRIEND
![](https://public.bnbstatic.com/image/pgc/202405/8d44510d55937d22800e626ae8cf9ac3.png)
$FRIEND is a token of the SocialFi project Friendtech. The project has had some notable news recently, such as airdrops and value-sharing airdrops for users, price decreases 50% from 1.7 to 0.8 after users receive the airdrop, and subsequent price increases from 0.8 to 3.1 (+387%) in the next few days
This wouldn't be noteworthy on its own, but DeBank, a platform also categorized as SocialFi, has conducted a snapshot and plans to launch its token soon. This could be the initial steps to bring SocialFi back, and $FRIEND will be the token that pumps news and features in the near future.
--> This wave has the potential to bring investors closer to Web3.
3. Dogwifhat $WIF
![](https://public.bnbstatic.com/image/pgc/202405/530d98fb0aa12ad9f6a4ef6e7b41319a.png)
Meme trend is certain to make an appearance in the upcoming Bullrun season. WIF integrates two elements: being at the forefront of the #Solana meme and being part of the Dog-themed meme. In the upcoming Bullrun season, memes are likely to be divided into distinct themes: Cat-themed, Dog-themed, and Pepe-themed. Among these themes, the Dog-themed, particularly WIF, stands to benefit the most by riding two strong waves simultaneously.
The price of WIF has at one point increased by 26x since January 2024, demonstrating the potential of this meme compared to established ones like PEPE or DOGE.
It is predicted that when the Meme trend resurfaces alongside the overall market uptrend, with Solana gearing up for upcoming events, WIF will be the beneficiary of two favorable waves. A return to the price range of $4.6-$5 is feasible.
4. $ASI -The merged token from the trio $FET , $AGIX, and $OCEAN
![](https://public.bnbstatic.com/image/pgc/202405/a6a69a375af9fb72f3a72a5b5d3ee599.png)
This month will witness two major events in the AI field. Nvidia will announce its financial results for Q1/24 on May 22nd, and the merged token $ASI from $FET, $AGIX, and $OCEAN.
If the ASI token is successfully merged, it will have an FDV of $7.5 billion. There will certainly be a lot of news generated before and after the launch of $ASI to drive the price of this token, for example: listing on Binance Trading.
Make sure to exit your positions at the right time (as selling signals are emerging due to the favorable conversion ratio for holders of $OCEAN and $AGIX tokens).
5. $ONDO - Leading #RWA category and Integrating AI.
![](https://public.bnbstatic.com/image/pgc/202405/f5010c6c0b85212973517e464abf50bf.png)
Ondo Finance is the conversion of real assets into tokenized form. This is considered a "sign" indicating strong capital flow from traditional finance into the crypto industry, with BlackRock being a key player.
Currently, this token is trading around the price level of 0.8, which also serves as a strong support level for the project. Monitoring the token involves not only tracking its price movement but also staying informed about external information related to project support and the project's category.
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The evaluation of tokens depends heavily on market trends and the setup of projects within the same category. While individual signals may be occurring, our team believes that there is something strong happening in the DeFi category.
How about you? What are your tokens in #CryptoWatchMay2024 ?