The price of the $DOGE analyzed yesterday has now broken through the 0.165 resistance level, with the next target at 0.175.
$SOL is also continuing to reach new highs, soon arriving at the 187—194 selling pressure area. If it breaks through, it will need to launch an attack towards the yearly new high above 210.
Just now, Musk tweeted 'Power to the people!' and the price of $PEOPLE also responded with an increase.
Today, Bitcoin successfully broke above 70,000 USD, just a step away from a new high, but many altcoins have not shown significant increases. This is the norm in a bull market; after all, altcoins generally complete their charge last, and typically, altcoins can cover the entire increase of mainstream coins within a few months during a bull market. As long as you are not holding too old altcoin varieties, there are opportunities in this round of the bull market.
Today, a friend complained that Bitcoin is over 70,000 USD while Ethereum is still 2,500 USD. As mentioned multiple times in previous articles by Old Dog, Ethereum's performance in this round of the bull market will definitely not match Bitcoin. The last bull market saw many MEME coins rising on the Ethereum chain, leading many whales or retail investors to use Ethereum to purchase MEME coins, which caused the price of Ethereum to soar, surpassing Bitcoin's increase. Similarly, in the last bull market, many dark horse coins on the BSC were listed on Binance, allowing BNB's increase to also rank among mainstream coins.
However, in this bull market, there are many MEME coin dark horses on the SOL chain, causing SOL's increase to surpass most other mainstream coins. This is because the GAS fees on the ETH chain are extremely high, and the transactions are slow. Vitalik is not doing anything, and the Ethereum Foundation has been continuously selling Ethereum. There is practically no innovation, which highlights the advantages of the SOL chain with fast transaction speeds and low GAS fees. Therefore, it is unlikely that Ethereum will break through its historical high in this bull market, but as the leading coin among mainstream coins, SOL's price is very likely to surpass its historical high.
Now, you must not be in cash; otherwise, you might miss the entire bull market.