After the panic in the market was relieved, it began to rebound strongly. Currently, Bitcoin has pulled back above $55,000. The original high-level fluctuations that wanted to try to break through $70,000 were destroyed by the negative impact of multiple BUFFs. So it will take more time to adjust and repair. I estimate that this time is about 1 month, which means that by the end of August, the market will basically be repaired, thus preparing for the outbreak in Q4.
After the market rebounded, the altcoins also rebounded strongly. Currently, the relatively strong ones include TAO in the AI track, SATS in the Bitcoin ecosystem, and the old DEFI AAVE and other coins with profit models.
If you missed the opportunity to buy at the bottom yesterday, then the next week or so will be a good opportunity.
Finally, I would like to emphasize again that no matter it is a bull market or a bear market, you must stay away from leverage. Without leverage, you will make money slower at best, but the advantage is that you will not return to zero and you can live forever.
In addition to staying away from leverage, it is also important to maintain a certain amount of cash flow. Whether it is a bull market or a bear market, cash is very important because no matter what cycle it is, there will always be opportunities. If you don’t have cash when opportunities arise, you can only watch.
The best 4 altcoins in the second half of the year may explode with 100 times returns!
1.SUN
As the bearish trend emerged, the SOL price trend formed a line of eight red candles after the evening star at $190. The reversal bounce undermined the bottom reversal and fell below the 200D EMA.
Currently, the SOL price is supported at the $120 mark, with an intraday decline of 12.53% and a further decline of 35%. The daily RSI line has touched the oversold boundary.
With its oversold nature, latent potential, and optimistic long-term targets, Solana is a must-buy altcoin in this crash. Optimistically, SOL price might reach $500 by the end of this year.
2.AIOZ
AIOZ Network is one of many emerging names in the media and artificial intelligence space and is an altcoin to watch. Amid the crashing market, the altcoin has maintained its dominance at the $0.38 mark and has yet to make a lower low.
Despite the possibility of a death cross on the daily chart, the decline is a retest of the broken wedge. Therefore, the AIOZ token could re-challenge the 50% Fibonacci level at $0.80 as bullishness returns.
3.TURBO
TURBO has maintained above the 200D EMA during the market crash, positioning itself as an altcoin worth buying. With a lucrative dip to the dynamic support level on the daily chart, TURBO highlights the need to buy on dips.
TURBO, an AI-generated meme token, has managed to maintain dominance at $0.0030 despite six consecutive bearish candles leading to a 40% drop. In case of a bullish reversal, the altcoin price could reach the psychological mark of $0.010.
4.OK
ONDO is described as “institutional-grade on-chain finance for everyone.” AltcoinDaily says the token will realize gains by 2025. His optimism is based on BlackRock CEO Larry Fink’s statement that tokenization of financial assets is the future.
The selection is because real world assets (RWA) have become a key topic in 2024 and one of the leading trends in the industry. It is worth noting that the Ondo Finance ecosystem is supported by TradFi giants such as Founders Fund, Pantera Capital and Coinbase.
“Projects like RWA and DePIN, which integrate productive assets from the physical world such as CPUs, GPUs, WiFi routers, dashcams, and personal weather stations under DePIN’s lead initiative, will likely follow different trajectories,” Fluence co-founder Tom Trowbridge recently told BeInCrypto. “As these projects scale in terms of users and adoption, their protocols should mature and valuations become more understandable to traditional investors.”
ONDO’s peers in the RWA space that may be of interest include Propy (PRO), TrueFi (TRU), and OriginTrail (TRAC).
