Bitcoin is ready to go, and three potential altcoins may usher in explosive growth!
As the weekend comes to an end, BTC remains stable and the overall trend is healthy. It is currently adjusting in the range of 67,000-69,000. From a technical point of view, there are no obvious negative signals, and the weekly closing performance is quite satisfactory. Taking all factors into consideration, the author believes that BTC is expected to continue to rise, and the key lies in the breakthrough and consolidation of the 69,000 point. If it can effectively break through and stand firm, the subsequent market is expected. ETH is also in a consolidation stage, but the monthly closing performance is excellent, suggesting potential upward momentum. At the same time, the altcoin market is also waiting for the leadership of mainstream currencies, and is expected to follow the rise in an all-round way.
The following three altcoins are worth paying attention to:
1: Investors in THORChain ($RUNE ) have good reason to expect the upcoming considerable returns. From August 2023 to March 2024, the value of RUNE soared from $0.9 to $11.4, an astonishing increase. Although the price fell sharply in April, it has now stabilized and rebounded, and technical indicators have also sent bullish signals, showing strong upward momentum.
2: Litecoin ($LTC ) was born in the context of solving the problem of Bitcoin centralization, aiming to weaken the dominance of large mining companies. Although it has not fully realized its original intention, LTC has developed into a mineable digital currency and decentralized payment network. After the sharp drop in 2022, the price of $LTC has steadily recovered and shows the potential for further growth. Investors can pay close attention to its subsequent trends.
3: As the first dog-themed cryptocurrency in the Solana ecosystem, $Bonk has attracted much attention since its launch. Although its price is currently low, analysts believe that it is expected to reach $1 by the end of 2024. $
Bonk's price trend shows the strong resilience of the currency, and it is expected to replicate its upward trajectory at the time of its issuance and usher in a new round of explosive growth.
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