Ethereum has a high probability of surpassing its previous high of 4093 in June and is expected to approach or even reach its historic high of 4800. When Ethereum successfully breaks through its previous high, we expect a pullback adjustment, which is a common reaction pattern in the market. However, this adjustment does not mean the end of the trend, but may accumulate strength for the subsequent rise.
The launch of the Ethereum ETF (Exchange Traded Fund) is an important milestone, which indicates that institutional investors will participate more deeply in the Ethereum market. The historical trend of the Bitcoin ETF (here may refer to the Bitcoin ETF) provides us with a reference, and the market reaction and trend after its launch may provide us with a reference for predicting the impact of the Ethereum ETF.
Recently, we have noticed that some large investors (figuratively called "whales") are withdrawing their Ethereum from exchanges, which shows their determination not to sell Ethereum in the short term. Their strategy is likely to wait for the price of Ethereum to rise further to a higher level before considering selling.
Therefore, now is a good time for investors to make arrangements. There is no need to wait until the price of Ethereum has risen sharply before catching up, but to prepare in advance and seize the market opportunities. When the price of Ethereum starts to rise, investors can gradually make profits and adjust their position strategies.
In short, the outlook for the Ethereum market looks very optimistic, but investors still need to remain cautious and rational and make investment decisions based on their own investment strategies and risk tolerance.
1.PEOPLE
Biden vetoed the resolution to repeal SAB121, partly because it is closely linked to the US electoral system.
As the US election approaches, Trump's support for cryptocurrency has become more and more obvious. PEOPLE, as a cryptocurrency originating from the United States, is similar to the previous DOGE, which symbolizes the power of the people and the spirit of democracy. This spirit is closely linked to the upcoming election and is likely to further promote the popularity and attention of PEOPLE during the election.
Therefore, we must pay enough attention to PEOPLE. Considering the current political atmosphere and market dynamics, there is a high possibility that PEOPLE will experience a significant surge before the election. I firmly believe that there is a good chance that the price of PEOPLE will break through 1U ($1) before the election.
From the perspective of market value, PEOPLE has even greater potential. Currently, PEOPLE's market value is only 300 million, while SHIB's market value is as high as 15 billion and PEPE's market value is 6 billion. This huge market value gap means that PEOPLE has huge room for growth and potential.
To sum up, we should pay close attention to PEOPLE's developments and seize this potential investment opportunity.
2.WLD
Led by OpenAI CEO Sam Altman, Worldcoin is a groundbreaking project that aims to build the world's largest identity and financial network, providing ownership and accessibility to all. Using the innovative World ID system, individuals can verify their identity online.
Worldcoin is up 1.22% in the past 24 hours. Over the past 30 days, WLD is up 2.0%, showing stability amid market volatility. The 14-day RSI indicates neutrality, and with 50% of green days in the past month, Worldcoin is performing well. Moreover, its high liquidity, with a volume-to-market cap ratio of 0.8724, solidifies its position among trusted exchanges.
The circulation of WLD is less than 3%. From another perspective, low circulation is conducive to market control. From the perspective of the project, WLD belongs to the new concept of AI+, endorsed by the founder, full of gimmicks, and is currently the most talked-about token in the AI sector. Although there are rumors that there will be a large amount of unlocking in July, it is actually only the end of May now, and there is still more than a month to July. There are many things that can be done during this period.
3. TREES
PEPE, as a popular MEME token on the ETH chain, has a market value of an astonishing $7 billion, and its strong performance is self-evident. However, while pursuing high returns, we might as well look to the future and find the next Meme that may explode.
BOME, as a star meme coin on the SOL chain, currently has a market value of only $700 million, but its potential should not be underestimated. With the rise of the Sol chain, we have reason to believe that BOME is expected to become the next meme to lead the trend. Its trend has already shown a cup-handle pattern. Once it breaks through the previous high point, its upward space will be extremely broad.
Looking back at the history of BOME, it quickly reached a certain peak after its launch, but then entered a relatively stable sideways phase. However, this does not mean that its potential has been exhausted. On the contrary, this sideways adjustment may be accumulating strength for future outbreaks. Looking forward to June, we have reason to believe that BOME will reach a new peak. At this time, it is a good time to invest because the price has not yet reached its true value.
When investing in Meme tokens, we need to have firm beliefs and unique vision. BOME is such a token that deserves our attention and layout. Ambush in advance and seize the opportunity, perhaps the next doubled MEME is just around the corner.
4.FLOKI
When the opportunity of PEPE has been missed, Floki has become the next high-profile investment opportunity. Here are a few key considerations:
First of all, judging from historical performance, whenever Pepe has a significant increase, Floki often follows closely behind, showing the close linkage between the two. Currently, Floki is facing a key resistance level, and once it successfully breaks through, its price will reach new heights.
Secondly, Floki recently carried out a large-scale token destruction, with a total of about 1.5%. This destruction action has historically been accompanied by Floki's strong performance and has become an important driving force for its price increase. This positive signal further enhances Floki's investment attractiveness.
Furthermore, as the altcoin market gradually heats up, Meme coins, as high-quality targets, have attracted much attention. Compared with the indifference of VC coins, the popularity of Meme coins in the market continues to rise. In this context, old Meme coins such as pepe and people continue to be strong, while emerging Meme coins such as bome, wif and FLOKI are gradually emerging. In particular, Floki, as a leader among new Meme coins, has huge investment potential.
For investors who have not yet entered the Meme coin field, it is a wise choice to consider buying Floki in batches. By diversifying investments, risks can be reduced and market opportunities can be better grasped. At the same time, Floki's strong performance and the market's optimistic expectations for it provide strong support for its future development.
5.DOGE
Dogecoin (DOGE), a fun cryptocurrency, is derived from the popular "doge" online emoticon package, which features a cute Shiba Inu. Unlike Bitcoin, which emphasizes scarcity, Dogecoin has a relatively large circulation, with new coins being mined continuously. Since its launch in 2013, although Dogecoin was initially modeled after other cryptocurrencies, it has gradually developed a unique charm, attracted many loyal fans, and found its place in the online payment field.
In May of this year, the price of Dogecoin achieved a significant increase of 10%. Although in the early stages of the market recovery, its performance has not yet fully met investors' expectations. Currently, Dogecoin is trading at $0.159, with a market capitalization of approximately $23.8 million. However, looking forward to June, the market generally expects an important turning point. As the market recovers further and investor enthusiasm continues to heat up, Dogecoin is expected to usher in a strong rise. Its trend may even replicate the glory of March 2024, when the price of Dogecoin soared to $0.2201, which has nearly 1.5 times the room for growth compared to the current price.
Although recent market fluctuations have brought some challenges to Dogecoin, it is undeniable that it is still one of the most popular meme coins. The peak market value of Dogecoin exceeded 500 billion RMB, which fully proves its status and influence in the field of cryptocurrency. What is more worth mentioning is that there are rumors that Elon Musk will lead Dogecoin "to the moon" and launch a rocket in the near future, which undoubtedly adds more expectations and imagination to the future of Dogecoin. From a long-term perspective, the potential of Dogecoin is generally optimistic and is expected to achieve at least 5 times the value-added.
I believe that these five altcoins will definitely see a good growth if ETH breaks a new high.
If you don't know how to screen strong coins, I suggest you follow me. Whether it is spot or Heyue, a little shot may be your limit. The opportunity is short, so you must seize it! Success does not depend on luck, choice is greater than effort, and the circle determines destiny. In the currency circle, in addition to having a keen eye for judging the situation, you must also keep up with a good team and a good leader. If you follow me, you are already halfway to success in the currency circle.
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