The past week has been thrilling. Bitcoin has jumped up and down between 53,000+ and 59,000+ many times. It can be described as a monkey market. The long and short positions have exploded to billions of dollars. The market sentiment fear and greed index has dropped to the freezing point of 25, which is also the lowest point since the FTT crash. The market is wailing, and there are bloody chips everywhere. The German government has sold 90% of the coins, and Mentougou has also begun to pay compensation. The bad news has landed one by one. There is a saying that goes, others are fearful, but I am greedy. In the long run, now is undoubtedly a good time to build a spot position. This issue shares several new spots:
As an old currency, XRP is currently experiencing one of the tightest monthly Bollinger Band contractions in history. The last time this happened, it soared from around $0.006 to $4, a 600-fold increase. Now Ripple's lawsuit will be announced this month. Once good news comes, it will quickly start a surge mode. At present, the bottom support of the line is strong, and spot positions can be established to ambush.
TON
TON has been rising since the end of February this year, with a 4-fold increase. Its market value has directly reached 18.9 billion US dollars, ranking 8th. The TVL of the entire TON ecosystem has also grown rapidly, increasing by more than 6 times in just four months. In the recent falling market environment, TON has been little affected, and the entire ecosystem is very prosperous. It is favored by many institutions. Backed by TG's nearly 1 billion users, TON still has great potential, and I am optimistic about it in the long term.
In this round of bull market, the Depin track is a new hot spot for speculation. At present, the leader of this track can basically be confirmed to be IO, which not only has a luxurious investment background, but also has good products and applications, and has also integrated AI technology. The huge amount of airdrop selling pressure that was previously launched has basically disappeared. Although the overall market value is still somewhat large, the recent decline and correction is relatively deep, and there is still room for improvement in the medium term.
In the cross-chain interoperability track, AXL and ZRO are popular star projects. I am more optimistic about AXL, which does better in decentralization and security, and has a lower market value. I personally feel that it is underestimated. The cross-chain protocol is an important infrastructure in the future development of blockchain. AXL has established cooperation with many mainstream public chains and is a good investment target in the medium and long term.
RNDR
RNDR is an infrastructure in the AI track. It uses graphics processing units (GPUs) to render blockchains. It also cooperates with many traditional WEB2 companies. It is currently consolidating at the bottom and showing signs of stabilization. It has also fallen by nearly 60% from its previous high. With popular tracks and important infrastructure, the AI concept will continue to be hyped, and we can expect RNDR to rise.
The above-mentioned spot products are all high-quality targets in their respective tracks, with technical/application support. Compared with pure MEME coins, once they are recognized by the market, they will maintain a more stable rise. Recently, many people have been washed out in panic. My suggestion is that when the market fluctuates greatly, do not open contracts, and build positions in batches. When you are optimistic about a coin, you can build positions in 3-5 times, with a position of about 20% each time, so as to maintain a relatively reasonable average price. At the same time, look at the long-term, the interest rate cut is just around the corner, and when the money is released, it will be the dawn of victory!
