While the US stock market fell, the crypto market rose against the trend, showing strong resilience.
Bitcoin's price surged significantly on Wednesday, breaking the $97,000 mark, with Ethereum rising more than 10%, reaching a new high in several months. Ethereum (ETH) increased by 10%, hitting a daily high of $3,687.01, the highest since June.
Tokens ranked in the top 200 by market capitalization all rose. Among them, Kadena (KDA) had the highest increase at 25.3%; followed by Uniswap (UNI) at 23.7%; PancakeSwap (CAKE) at 22%.
The US stock market is closed tonight, so Bitcoin should mainly fluctuate today, focusing on opportunities for altcoins to catch up.
Yesterday was a day with a lot of short liquidations. The bulls made a comeback, and there were opportunities for all to catch up!
Capital rotation: Is it the season for altcoins? Which tracks have strong wealth creation effects?
QCP Capital analysts point out that the market is shifting capital from Bitcoin to Ethereum and altcoins.
This phenomenon reminds people of the market trends in 2020-2021, when BTC first initiated a significant upward trend, while ETH experienced a volatile but gradual increase. Later, the roles reversed, and ETH surged significantly, with various tracks also witnessing violent upward trends. History may not repeat itself simply, but it holds great reference value.
Meme Track
The bonk and wif coins born at the end of 2023 reached new highs again in early 2024, and old meme projects like pepe and shib also saw good increases. So, in the MEME track, we should focus on new meme projects that have launched on major exchanges like Binance. Based on historical experience, there will continue to be speculative trading. Market makers need to leverage market speculation for profits. Of course, old memes also have opportunities, but specific position allocations must be reasonably distributed, distinguishing between long-term and short-term holdings! If the market continues to FOMO, new memes may continue to emerge on major exchanges, and I hope everyone can achieve their own returns!
AI Track
2022 was the bottom, with a major upward trend starting in early 2023. Remember that wave in early 2023? AI-related projects in the crypto market surged significantly, and even the AI concept sector in the A-share market performed well. By the end of 2023 to early 2024, crypto projects related to AI, such as FET, and even those slightly related to AI, like WLD and ARKM, showed good increases. Recently, many AI-related altcoins have been exhibiting strong patterns, so everyone should pay more attention to and seize the opportunities. The AI track can also combine with other sectors, such as AI + meme, AI + refining.
Public Chain Track
In every bull market, each major upward trend has seen public chains rise without exception. Projects like SOL, INJ, TIA, SUI, SEI, etc., especially new public chain projects that have recently landed on major exchanges like Binance, have frequently surged. As for old public chains, INJ and ADA are typical representatives, so the same advice applies: don't chase highs. If old mainstream coins are chased high and trapped, it leads to a four-year cycle of blood lessons!
The market has new tracks and narratives that need more attention. How to find them as quickly as possible? I’ve mentioned this in previous articles, and everyone can review them. For other tracks, like infrastructure, if you have surplus capital, you can choose leading assets for allocation; picking leaders usually won’t go wrong.
Invest in these 3 long-term coins for a 10-30x return!
These long-term coins are all placed in a dedicated spot account. I don’t look at the price, only the time; I’ve decided to hold for six months. I expect a return starting from 10 times. If everything goes well, it could be 20-30 times.
1. ZEN
ZEN has just successfully upgraded to a public chain, fully covering all popular tracks and becoming an industry star.
Currently, ZEN's market capitalization is only about $200 million, almost fully circulating, which is undoubtedly an undervalued treasure for a public chain covering multiple tracks.
In the past week, this project has risen by 40.6%, with a monthly increase of as much as 72.2%. ZEN really has 10x potential, and you must hold on to it. I currently hold over $300,000; 10x means $3 million.
2. SSV
SSV had the second highest increase, with the Ethereum ecosystem entering a new growth phase. SSV will undoubtedly become one of the most promising assets, attracting a significant influx of capital. Just hope you can hold on to it.
As an important member of the Ethereum ecosystem, SSV is one of the leading assets in the staking track. Its market cap is only about $160 million, and it is almost fully circulating, showing strong undervaluation signals.
3. LPT
LPT hasn't moved much yet; it can still be a key area to watch.
LPT has achieved certain successes in the video field and is now transitioning into the AI track. Although the market response during the initial transition was relatively flat, LPT's recent surge has been strong, and after a long period of consolidation, it is currently at the bottom.
With the arrival of the AI wave, LPT is expected to have explosive upward potential. Moreover, as part of the Grayscale series of assets, LPT is still severely undervalued. It has risen 104% this year.
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