Since falling below 66,000, Bitcoin has been adjusting downward to find a support position. No such support level has been seen so far. This morning, it fell below 63,000 again. Currently, there is no support signal from any angle. Unless there is a pin-spiking phenomenon, the market will keep testing and searching, so we need to be more patient.

From a cyclical perspective, after June, there will be a high probability that the decline will stop starting in July, and then the market will gradually stabilize. Starting from the third quarter, there will be an improvement, but it will take until the fourth quarter for the real take-off. We have already said this when we made the full-year macroeconomic forecast at the beginning of this year.

The market has given us a lot of time at present. We can use this time to learn more knowledge, and then study and think more about how the market will develop in the future and which tracks will be alpha in the future, etc. When the overall market is not good, it is a waste of time to watch more markets and it is meaningless!

Potential altcoins worth watching now

ZRO

ZRO is a new innovative digital asset protocol that enables smooth communication between different blockchains. The technology simplifies the way messages are shared between different blockchain platforms, ensuring that the messages are authentic and can be delivered securely through customizable trust settings.

A distinctive feature of LayerZero is the use of Ultra-Light Nodes (ULNs). ULN is a smart contract embedded in each participating blockchain, acting as an integration node for cross-chain communication. Additionally, ULN improves efficiency and security by checking transaction proofs and block headers to determine the integrity of each message and transaction.

LayerZero has been called a "blockchain of blockchains" that allows independent blockchain networks to easily interact while maintaining trustless transactions. A standout feature of LayerZero is its use of Ultra Light Nodes (ULN). These smart contracts are embedded in each participating blockchain and serve as a key point for cross-chain communication. ULN verifies the integrity of transactions and messages by checking block headers and transaction proofs, thereby improving security and efficiency.

ZK

zkSync (ZK) is a new layer 2 solution for Ethereum that improves efficiency by reducing transaction fees and speeding up processing times, while maintaining strong security through ZK Rollups technology. The project is designed to serve as a unique layer 2 solution to address the inefficiencies of the Ethereum blockchain. It improves Ethereum’s efficiency by reducing transaction fees and speeding up processing times.

Meanwhile, the project recently gained attention for launching its ZK token and outlining a detailed token economics plan. Of the 21 billion ZK tokens, 17.5% have been set aside for airdrops to network users. This strategic allocation is intended to foster community engagement and market visibility.  Currently, zkSync looks promising, as evidenced by the bullish sentiment and Fear & Greed Index of 55 (indicating greed).

Furthermore, zkSync’s developers ensured that the project is differentiated from similar Ethereum Layer 2 solutions. The lead developer announced on the official Twitter that existing Ethereum solutions offer fast and affordable transaction speeds, but they come at the expense of security. To maintain strong security, zkSync leverages the powerful ZK Rollups technology.

SHIB

Interest in Shiba Inu is rising as the coin surges 530% from its recent burn rate. Additionally, Shiba Inu investors are becoming more optimistic about a potential increase in Shiba Inu prices due to recent announcements from the project’s major developer and a significant reduction in circulating supply.

By purposefully reducing the total supply of a cryptocurrency, burning tokens can theoretically increase prices by creating a greater sense of scarcity. This supply management strategy has been strongly supported by the Shiba Inu community, whose efforts have resulted in 410 trillion units of Shiba Inu tokens being destroyed to date.

BSV

Bitcoin SV originated as a 2018 hard fork from Bitcoin Cash (BCH), which in turn forked from Bitcoin (BTC) in 2017. It seeks to realize Satoshi Nakamoto's original vision for Bitcoin as a peer-to-peer electronic cash system. By removing artificial block size limits and re-enabling certain script commands, BSV seeks to provide unparalleled scalability and stability. This approach enables BSV to support enterprise-level blockchain applications while maintaining low transaction fees and high processing speeds.

BSV is committed to building a scalable blockchain platform to enable efficient electronic cash payments and advanced data applications. It can scale to meet market needs without the need for second-layer solutions. The network is designed to process up to 1,000,000 transactions per second, comparable to traditional payment processors such as VISA. In addition, security is ensured through the Proof of Work (PoW) consensus mechanism. This process makes the blockchain secure and transactions almost impossible to tamper with, thus strengthening the integrity of the BSV network.

CRO

Cronos has announced plans to expand its global reach through a number of initiatives. The company has signed renowned music artist Eminem as its celebrity ambassador, replacing Matt Damon. Eminem's involvement is believed to bring a fresh feel to Cronos' promotional campaigns. This move leverages Eminen's charisma and reputation to boost engagement and credibility with global users.

Additionally, Cronos announced a partnership with Galxe to expand its blockchain capabilities. Integrating Galxe into Cronos will introduce innovative applications such as Cronos Spring Odyssey. The program covers four main themes - gaming, NFT, DeFi, and meme coins - and will be launched every ten days to promote user engagement.

STRK

Starknet's technology meets the growing demand for scalability and privacy in blockchain applications. The token reduces Ethereum's network congestion, thereby ensuring faster, more efficient, and more secure transactions. This feature amplifies its value. As the token's adoption and technological advancements continue, its value is expected to grow.

The prospects of Starknet will likely depend on its adoption and acceptance within the blockchain ecosystem. As the token expands its utility and widespread acceptance in the coming months, the potential rewards could be enormous.