As star altcoins, why did the first two rise so violently, while BOME was not satisfactory?
The reason is simple. The first two currencies did not have much selling pressure, especially PEPE hit a new high, and there was no trapped market. Even though PEOPLE rose to a high level last time, it was basically sold out.
As for BOME, its price when it was listed on Binance was about $0.02. Many people were trapped at this price. It is impossible to rise directly without completely cleaning up the selling orders.
SEC sues Metamask, and this time even Lido and Rocket Pool can't escape? LDO plummets nearly 18%!
Consensys, the parent company of MetaMask, a widely used wallet in the cryptocurrency community, was formally sued by the U.S. Securities and Exchange Commission (SEC) yesterday (28th). The SEC accused MetaMask's Swap and pledge products of violating federal securities laws, and pointed out that Consensys has been operating as an unregistered broker since 2020, engaging in the issuance and sale of unregistered securities through MetaMask. According to Coindesk and Cointelegraph, the SEC mentioned in the indictment that MetaMask allows users to buy and sell digital assets directly within the application through its "Swap" service. Consensys charges fees for this service and has facilitated more than 36 million cryptocurrency transactions in the past four years. The SEC claims that at least 5 million of these transactions involved "crypto-asset securities."
Bitcoin is still in a sideways range for the time being. The two rebounds of 607 and 600 were not strong enough, breaking many people's unrealistic fantasies. There is a possibility of a break.
If it breaks, pay attention to the previous high of 584 and the main support level of 566. Especially when the price is close to 566, don't worry about the error of one or two hundred dollars. It is recommended to go to spot instead of using leverage, and set a stop loss in advance.
Dogecoin, Sol, PEPE, LDO and other currencies can refer to the trend of Bitcoin.
Bitcoin plummeted, RATS hit a new high, how will it trend in the future?
For altcoins: RATS performed quite strongly, even if Bitcoin plummeted, it still hit a new high. This reflects a phenomenon: as long as there are big players involved, the price will eventually rise. For example, the situation of DWF is almost an open secret, and there are some unknown situations. In fact, when participating in the early days of Dogecoin, the feeling is most obvious. Dogecoin without market making usually experiences a wave of trends; those with a little market making by the project party may rise several times; those that rise hundreds of times must have a strong main force behind them. As long as it is a currency with outstanding performance, there must be strong dealers involved. Retail investors' buying cannot drive prices to continue to rise, and even if there is an increase, it will fall back because retail investors cannot form a joint force. Therefore, the decline is because the main force distributes chips, and the rise is because the main force pulls the plate.
From the 4-hour K-line, the price is expected to return to the $3440-3500 area. As for whether it can break through this pressure level, we need to observe the subsequent trend. Considering that the Ethereum (ETH) ETF is likely to pass at the beginning of next month, ETH is likely to reach the $4,000 mark before then!
The current market is greatly affected by the news! A piece of news last night caused the three leading coins in the Ethereum ecosystem to plummet by more than 15%. The leading coins in the Ethereum ecosystem, including UNI, LDO, and SSV, were greatly depressed by this news.
Is this an opportunity or a risk? I personally think this is certainly a good time to get on board!
After all, the SEC sued many projects in the currency circle, and most of them ended up with fines, or the project party sued in reverse, forming a tug-of-war. A big drop is a good time to get on board, this sentence will never be out of date!
Therefore, it is recommended to continue to pay attention to and buy SSV, LDO, and UNI. If you are optimistic about the future of the Ethereum ecosystem, now is a great time to get on board.
Currently in the pressure zone, close to overbought in four hours, if it does not fall below 146, it will continue to hit 151, and the upper pressure zones are one after another.
Dog dealers have the ability to continue to pull the market
Due to the good news of ETF application, SOL rose directly, marking the end of the downward trend. Therefore, if you don't have a position yet, don't worry, wait for it to fall back to the bullish OB area of H4, which is our buying opportunity.
Pay attention to the fall back to around 140 to buy. Look at the red range, the current price has broken through the lower limit of the range (range-l) and moved upward, and will inevitably test the upper limit of the range (range-h) next. Therefore, wait for the price to fall back before buying.
After breaking through the resistance, the price directly reached the TP1:3484 area.
The current entry opportunity for long orders lies in the "effective rebound" in the 3419 area. The three red areas above are all based on the upper resistance to give the subsequent rising profit-taking targets.
Notcoin, pegged to Telegram, is expected to rise by 100% after destroying 210 million NOT tokens. NOT price is likely to see a major bullish reversal in the coming weeks, supported by Notcoin's initiatives to attract more users to its gaming ecosystem.
The current low price is a good opportunity to buy appropriately!
Ethereum is about to complete the adjustment, looking forward to the market in the next few months! Technical analysis: Whether it is the exchange rate relative to BTC or denominated in US dollars, Ethereum is currently showing a bottoming pattern. ETF dynamics: Although there have been recent news of ETF rejections and postponements (usually negative in a falling market), given that institutions have invested a lot of energy and costs in this regard, they are unlikely to give up easily. Therefore, I think it is only a matter of time before the approval is approved, and it is likely to be realized in the second half of the year. On-chain activity: Currently, the activity on the Ethereum chain is low, and it has been in a downturn since the Cancun upgrade. I don't think this is a bad thing. If the chain is very active, the price may have risen long ago. Both layout and ambush are the best time to do it in a downturn. King of public chains: I still think that Ethereum is the king of all public chains and has the most potential in future development. I believe that V God can continue to create miracles. No matter how much disappointment and negative news there is about Ethereum in the outside world, I always stick to my current views and wait for the next few months to gradually verify.
Analysis of SOL news hype: Normal hype stage, today and later There is usually a callback after the news is released, but natural rebound is also common. In the outbreak stage, ETH sets the stage and SOL performs! If the ETH ETF is passed in the near future, the sooner the better, and the price reaches a record high, then the hype of SOL will usher in the outbreak stage. Missed BTC, missed the ETH hype (because I dare not participate), but SOL cannot be missed. This psychological factor will help SOL rise more than ETH.
The last drop, the darkness before dawn! Can the approval of Ethereum ETF reignite the flame of the market?
Ethereum ETF is positive ETH may be approved by the U.S. Securities and Exchange Commission (SEC) on July 4, and the cryptocurrency industry is eagerly awaiting the debut of Ethereum exchange-traded funds (ETFs). The SEC may approve a spot Ethereum ETF as early as July 4. This development comes after discussions between regulators, asset management companies, industry insiders and other relevant parties. SEC Chairman Gary Gensler previously expressed his confidence in the approval process for spot Ethereum ETFs, noting that asset management companies are currently under pressure. Asset management companies must provide complete disclosures to make the registration statement valid. While there is still work to be done, Gensler said everything is going well. Recently, company executives awaiting approval revealed that the filing process currently only needs to resolve some "minor" issues. However, the ETF cannot be launched until these documents are authorized.
Buy the bottom of these 4 skyrocketing tokens that are about to soar 100 times!
PENDLE
Pendle has launched a new protocol that allows users to tokenize and trade future returns. This innovation is made possible by an automated market maker (AMM) that specializes in time-decayed assets. This approach gives users more control over future returns, opening up new possibilities for return utilization and optimization. As the platform's native token, PENDLE can earn rewards by providing liquidity to the protocol. Users can lock up PENDLE tokens for up to two years to vote on governance proposals and receive 3% of all earnings generated by their yield tokens (YT). Currently, PENDLE is trading at $5.4, up nearly 3% on the day. PENDLE's moving averages are in a strong uptrend, and long-term indicators are showing a strong buy signal. Although the MACD has fallen slightly, the overall technical outlook is positive, indicating that there is potential for further gains.
The three tracks with the most profit potential in the cryptocurrency field are summarized as follows:
MEME track: (mainly PEPE people WIF)
Return rate: up to 1834% (some data show 2405.1%). Features: Meme coins originated from the concept of "meme" in Internet popular culture, usually with a distinctive theme and unique community culture, which can quickly attract the attention and pursuit of a large number of investors. Its success is inseparable from the unique community culture and fan effect, as well as the limited and scarce token issuance strategy.
RAW (real world assets) track:
Return rate: 213% (some data show 214%). Features: RWA tokenization is the process of converting tangible assets into tokens or NFTs, enabling these assets to be traded on the blockchain. This provides new opportunities for investors because RWA has the potential to provide sustainable returns that are not related to the crypto market. In addition, projects in the RWA track, such as Mocaverse and Mutant Ape, represent two different investment logics, focusing on personal image and brand image respectively. AI Track:
Return rate: 71% (some data show 71.6% or 72%). Features: The AI track has become the focus of investors with its cutting-edge technology and huge market potential. In the cryptocurrency market, AI altcoins such as KELP, ASI and Render have emerged with disruptive applications and explosive growth potential. These tokens provide investors with new investment opportunities by integrating artificial intelligence and blockchain technology.
In summary, the Meme track, RWA track and AI track in the cryptocurrency market in 2024 show great profit potential. However, when participating in these tracks, investors should fully understand their respective characteristics and risks, and make wise decisions based on their own risk tolerance and investment goals.
How to choose long-term targets with a return of more than 10 times? Choose a track Speculate on new rather than old: The old narrative has already risen once, and it usually does not perform well in the new bull market. Therefore, coins in old tracks such as BCH, FIL, EOS, YFI, AAVE, CRV, UNI, etc. should be abandoned. Embrace new tracks: New tracks such as RWA, DePIN, Meme, AI, and the big cake ecosystem should be paid attention to, and the leading coins should be found. Look at the market value Moderate market value: Coins with a market value of too high (more than 2 billion) do not have much room for multiples, while coins with a market value of too low (less than 30 million) have low trading activity and are at risk of being delisted, which is high risk. Recommended range: Choose coins with a market value between 50 million and 1 billion, especially projects that have been listed on Binance. Position management Diversified investment: Don't go all-in on one coin, which will bring great risks. Multi-track configuration: Take out 30% of the position, configure 1-2 coins for each track, select 5-10 coins, and sell them when the bull market comes. Summary: Good tracks improve the winning rate; reasonable market value increases the profit multiple; position management avoids risks. Even if some altcoins go to zero, you will only lose 30% of the total position, which is harmless.