Bottom rebound! You must hold these 3 altcoins that will increase 100 times in the future!
If this round of strong performance of Bitcoin had happened in previous cycles, retail investors would have been overjoyed, because everyone had a lot of it at that time.
But the situation is different now. Retail investors basically have no Bitcoin. After so many years, few people can stick to Bitcoin. Most of them are attracted by various altcoins. This has led to the current round of people holding altcoins suffering.
Those copycat brothers of Bitcoin all seem to be still asleep. They are finally woken up by a pour of cold water from their big brother Bitcoin, but are knocked unconscious again by its pile of “shit”, and this cycle repeats over and over again.
Now we can only hope that the big brother Bitcoin can reach new highs sooner, so that the altcoin market may be activated and bring some hope to everyone.
1. Bitcoin has been soaring all the way, with an amazing trend: During the US trading session last night, Bitcoin tested a minimum of 63.5k and then soared like a rocket, which was completely in line with expectations!
2. Bullish resonance, no hesitation in bullish: Technically, the daily, weekly and monthly lines are bullish and the pattern is strong! Last night, the daily line closed with a hammer line with a lower lead, and the red kinetic energy column of the 4-hour Macd indicator further converged, and the bearish kinetic energy gradually weakened.
3. Data speaks for itself, and the expectation of interest rate cut remains unchanged: The GDP growth rate in the second quarter of the United States exceeded expectations, and inflation fell. The number of initial jobless claims in the United States for the week ending July 20 was 235,000, lower than the expected 238,000, and the previous data was 243,000. The expectation of interest rate cut in September is still stable!
4. U.S. stocks are turbulent, gold stocks fall: U.S. stocks closed mixed on Thursday, with the Nasdaq and S&P falling for three consecutive days. Ford Motor's stock price plummeted after the release of its financial report. Gold stocks fell collectively, and international spot gold fell by more than 2% in the day! The prospects of the U.S. election are unclear, and the risk aversion of market funds has soared, and the price trend of gold and silver has suffered!
Potential altcoins worth watching now
1.ORDI
ORDI is a meme coin on the Bitcoin network and the first BRC-20 token created using the Ordinals protocol. Just as Bitcoin has a first-mover advantage, ORDI also benefits from being the first BRC-20 token on the Bitcoin network.
ORDI closed with a negative line with an upper shadow on the daily line, and the price closed near the MA30 line. The MA30 line is still flat, and the trading volume is much larger than the previous day, but basically the same as the previous few days. The MACD at the daily level is below the zero axis and close to the zero axis, and it may cross at any time. We bought in the 33-34 range yesterday and have already started to make a profit. The short-term rebound target is tentatively set at around 39. The daily level is expected to continue a wide range of fluctuations.
2.XRP
XRP is perhaps the most undervalued large-cap altcoin on the market, currently trading nearly 82% below its all-time high.
However, the tide appears to be turning. XRP has outperformed Bitcoin over the past month, gaining nearly 27% compared to Bitcoin’s gain of just 3%.
Speculation is growing that a settlement between Ripple and the SEC could be imminent, especially as the Biden administration takes an increasingly pro-cryptocurrency stance in response to Donald Trump’s growing influence over the industry.
The chances that the SEC will appeal Judge Analisa Torres’ original ruling are also declining, given the possibility that Chairman Gary Gensler would resign if Trump is elected president.
If Trump’s lead continues to grow as the U.S. presidential election approaches, the price of XRP could surge past $1 or even higher.
3.INJ
Despite the overall market decline, Injective (INJ) continues to show potential. Currently trading between $23.31 and $29.87, bulls appear very strong. INJ price has increased by 25.08% in the past month, showing strong momentum.
Current resistance levels at $32.29 and $38.84 suggest that INJ could rise another 30% or more. The RSI at 59.09 supports the bullish outlook, suggesting that there is room for further gains before reaching overbought conditions. Staying above the 10-day SMA at $24.79 can sustain this positive momentum.
