The recent market fluctuations of Bitcoin and Ethereum ETH show typical bull market adjustment characteristics. Yesterday, Bitcoin broke through $91,800 and then fell back to $86,700, falling back by $5,000 overnight; Ethereum retreated to $3,020 after reaching $3,242, falling back by about $220.
The violent market fluctuations caused more than 170,000 people to have their positions liquidated in the past 24 hours, with a total amount of more than US$500 million. Bulls suffered losses again, with a loss of approximately US$300 million. Coupled with the continued liquidation in the past few days, signs of overheated market sentiment became increasingly obvious.
This large-scale liquidation reflects the over-expansion of market sentiment, and a pullback is a normal market phenomenon. In particular, after many altcoins have experienced this wave of skyrocketing, the current price has returned to the previous starting point, which also reveals the market characteristics of high risk and high return. In order to enjoy the tenfold or even hundredfold return of altcoins in the future, it is necessary to withstand multiple retracements and fluctuations. At present, we cannot assert that the market has peaked. The development of the market is usually not completed in just one or two days. The formation of the top often takes several months, and at least three months to form an obvious stage peak. For example, the rise of the bull market last year began in October, and the peak appeared in March. Therefore, although the market may enter a correction phase now, this adjustment is to pave the way for the next wave of rise. Judging from the current market structure, the first wave of rise driven by the expected hype of Bitcoin ETF may peak around mid-January. After the retracement, the market may usher in a more crazy rise. Therefore, don't miss the opportunity at the beginning of this bull market. It is a better time to enter the market when it is adjusted.
The callback is low and the car is back to pick up people! The 3 most popular altcoins worth investing in the future market!
DOGE
As global stock markets gradually stabilize and the cryptocurrency market matures, market sentiment is gradually returning to stability. Against this backdrop, DOGE's price is expected to gain support and lay the foundation for future gains. From a technical perspective, DOGE's current correction is close to half of its previous gains, and a bottom support may form in this area in the short term. If market sentiment continues to improve, DOGE is likely to see a rebound.
In terms of long-term development, DOGE, as a unique and innovative cryptocurrency, has broad application prospects, especially in the fields of payment systems and commercial applications. As the cryptocurrency market further develops, the value of DOGE is expected to continue to rise and become a more important market participant.
NEURO
Neiro experienced a wave of about 30.29% increase in early July, following the overall upward trend of the memecoin market, and has continued to maintain strong growth momentum recently. In the past few weeks, the memecoin market has experienced explosive growth, and Neiro has successfully stood out and set a new high. Currently, Neiro is trading at $0.0019888. Although the market has experienced a small correction, investors are still paying attention to whether the rise after the correction can continue.
Judging from market performance, Neiro's buyer interest has increased significantly, indicating that it has strong upward momentum. The number of Neiro addresses has reached 198,000, reflecting continued bullish market sentiment and the potential to attract more long-term supporters, including new retail or institutional investors. Currently, buyers dominate the market, and pressure to accumulate positions may push Neiro further upwards.
TREES
BOME's recent price surge has attracted widespread attention in the market. It has successfully broken out of the descending triangle pattern that had been stagnant for a month and has broken through the trend reversal zone between $0.0076 and $0.0080, sending a clear bullish signal. This breakthrough shows that market sentiment is shifting and BOME may be about to usher in new upward momentum. Although a potential double bottom pattern is currently forming and there may be some minor pullbacks in the short term, the overall trend remains positive.
With the advent of the altcoin season, BOME is seen as a project with great potential. Its adoption rate continues to grow, and it was recently added to PengyOS, which further increased its market exposure and recognition. With the number of Bitcoins absorbed by Bitcoin ETFs exceeding the number of mining outputs, meme coins like BOME also show great potential for gains. Considering the arrival of the fourth quarter of 2024, now may be the best time to invest in BOME, and you may regret missing this opportunity.
#超级MEME周期？
