Bitcoin is now like a steady big brother, stabilizing around the six-figure mark of 100,000. With this stability, altcoins are having a great time, each starting to showcase their strength.
Everyone pay attention, Bitcoin is now like it's trapped in a triangle, with the candlestick closely touching the upper edge of the triangle, indicating a very strong trend. However, if Bitcoin breaks through the 100,000 mark, the market might need to cool down, and at that point, we should keep a close eye on the performance of altcoins.
The altcoin market is bustling right now, you finish your performance and I take the stage. The newly listed ACT and PNUT on Binance have both rebounded nicely these days. However, the tactics of the ACT operator are truly elusive, raising prices for selling off before another quick pump, cutting the leeks without hesitation. So, we need to keep our eyes open and watch for volume on the daily chart to see if it really breaks through previous highs.
Now we need to focus on two types of altcoins:
One type of altcoin that previously surged is now undergoing a correction. These guys may have risen too much too soon, and now that they're correcting, if they can solidify their position at the bottom and build strength, the second wave of increases may not be far off.
The other type is altcoins that can maintain a strong upward momentum even when the market is correcting. These guys usually have strong financial backing or high market recognition, so they are worth our attention.
If you haven't decided what to buy yet, here are three altcoins that I think are worth considering:
Then there's XRP, which has recently shown a promising upward trend. After Gensler's resignation, XRP may be listed on more exchanges, which will increase market liquidity. Moreover, Ripple is now focusing more on its core technology, so the future looks promising.
Next is Dogecoin (DOGE), the big brother of meme coins, with a strong community and support from Musk. You can now buy products and services with it, even Tesla accepts it, making it practical and down-to-earth. I believe DOGE can rise to $1 in the future, so hold tight and don't be scared off by short-term fluctuations.
Finally, there's TON, which aims to grab a share of the $200 billion gaming industry. It provides a blockchain platform that efficiently scales and simplifies the development process, addressing some issues in the gaming industry. Its market capitalization is also significant, making it an emerging force in Web3 gaming.
Recently, I plan to position for a potential coin that is ready to explode; doubling is quite simple. I'm also looking for some potential coins to hold until the end of the year, with an expected growth of over 10 times being quite feasible, and spots are limited! If you want to follow along, like and leave a comment.
