Analysis of the hype prospects of VC coins in the bull market
In the context of the bull market, whether VC coins will become the focus of the next round of hype has sparked widespread discussion in the market.
The bull market is cyclical, occurring approximately every four years, and VC institutions will not miss the opportunity to make a profit. Therefore, VC coins in the bull market, especially those with practical application potential, are likely to see a substantial increase.
Which VC coins are worth paying attention to?
1. Demand-driven projects: VC coins with actual demand and applications are more likely to stand out in the bull market. For example, the SUI project has not yet experienced explosive growth, but its potential is promising.
2. Public chains and protocol projects: Public chains such as FTM and XTZ are not strong at the moment, but as the market rises, they are likely to explode.
3. Growth potential of practical applications: For example, the Cake project on the BSC chain, as a pie betting platform, is expected to see a significant increase in platform transaction volume as the BSC chain becomes more popular. This type of project has actual market demand and can expand rapidly in the bull market.
Summarize:
As long as the market is hot, VC coins will have a breeding ground for speculation, and their value will rise sharply driven by funds. For investors, seizing projects with practical application support may reap rich returns in the bull market.
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XRP
Ripple recently announced a partnership with Archax, a digital asset exchange regulated by the UK Financial Conduct Authority (FCA). Together, they are working to launch a tokenized money market fund on the XRP Ledger (XRPL). This move is part of Ripple’s broader strategy involving its £3.8 billion USD liquidity fund (Lux).
This is the first implementation of a tokenized money market fund on the XRPL blockchain. Ripple’s decision to explore this area is in line with the growing interest in tokenized finance. As part of the collaboration, Ripple has invested $5 million in tokens pegged to the abrdn Lux fund.
This development seems to have affected XRP’s market performance. The token recently traded at $1.46, up 3.80%. In the past seven days, XRP has gained 30.29%, and its price has surged 178.44% in the past 30 days.
SUN
Solana (SOL) has seen notable price movement recently. Its price has surged by more than 30% over the past month, reflecting strong bullish momentum. However, the price fell by about 3% last week, showing some short-term consolidation. Over the past six months, SOL has gained more than 38%, showing a strong upward trend.
Judging from the data, the price of SOL may continue to rise. The current price range is between $233 and $268, hovering around the 10-day simple moving average of $230. The RSI is around 46, indicating that the coin is not overbought or oversold. The stochastic indicator is also at a moderate level of 61. The MACD level is slightly negative, which may indicate that an upward move may come soon.
If the price breaks above the nearest resistance at $283, it could target the next resistance at $318, which would imply a potential gain of around 20%.
SHIB
Shiba Inu (SHIB) has gained 43.12% in the past month, showing strong upward momentum. Despite a slight drop of 2.17% this week, SHIB is trading near $0.0000257, close to its 100-day simple moving average. The relative strength index is 33.64, indicating that the coin is close to the oversold region and may rebound soon.
If SHIB breaks above the nearest resistance at $0.00003077, it could surge by around 20%. A breakout above the next resistance at $0.00003588 could result in a total gain of close to 40%. With the altcoin season around the corner and the anticipation of a global crypto bull run, SHIB could see significant growth.
