Currently, Bitcoin is testing support around 95,000 dollars. From the liquidation data, this area has shown strong support over the past 7 days. The main resistance above is near 99,000 dollars. It is expected that as the North American institutional trading session opens, Bitcoin's price may rise again, so there is no need to worry too much about daytime corrections.
From Bitcoin's market capitalization share, there is still some room for correction below. This situation indicates that market funds are flowing towards altcoins, providing more opportunities for altcoins to catch up.
Three popular altcoins to consider after the altcoin market starts!
TRX
As the native token of the TRON public chain, TRX benefits from a strong foundation of stablecoin accumulation, and even if the early ecosystem does not appear active enough, it can still maintain a strong upward trend. This is because TRON's main use cases focus on cross-border transfers of stablecoins, targeting more institutional and whale users rather than ordinary retail investors. Therefore, TRX demonstrates high stability and resistance to declines.
This year, the TRON ecosystem has sparked a Meme Season craze, attracting a large number of users to participate in Memecoin projects on the TRON chain. This has added more market vitality to TRX and has given the Meme ecosystem a value-added effect. This empowerment allows TRX to potentially experience a secondary explosion at any time, similar to the previous performance of the SOL ecosystem, and the impact of the Meme craze on public chain tokens is evident.
With the arrival of the altcoin season, TRX, as one of the most stable assets among the top ten by market capitalization, is expected to see further increases in this wave of market storms. Coupled with a series of high-profile operations by Sun, TRX may become one of the most outstanding assets in the same track.
XRP
Established cryptocurrencies like XRP, ADA, and HBAR, with years of market accumulation, have formed strong financial support and community foundations. The recent strong performance of XRP mainly stems from several concentrated positive factors.
SEC Personnel Changes: The change in personnel at the U.S. Securities and Exchange Commission brings expectations for an improved regulatory environment.
Leadership Influence: An XRP executive has been appointed as a cryptocurrency advisor to Trump, further boosting market confidence.
Litigation Victory: XRP has made significant progress in its legal dispute with the SEC, providing strong support for its legal status.
Robust Financial Strength: The XRP company has a solid business foundation and over ten billion dollars in cash reserves, supporting its market drive without pressure.
Favorable Market Sentiment: In the short term, Bitcoin's sideways upward trend has created a positive market atmosphere, further boosting XRP's upward momentum.
In summary, XRP's recent price performance is the result of multiple favorable factors working together, highlighting its strong resilience among established crypto assets.
PENDLE
Pendle is a protocol focused on the integration of DeFi and LSDfi, dedicated to providing innovative yield management and trading solutions for staked assets. Its token economic model is closely linked to the growth trend of the LSDfi ecosystem, especially driven by Ethereum upgrades, Pendle is expected to gain greater development space in this field.
As of now, Pendle's total locked value (TVL) has surpassed 6.2 billion dollars, growing more than 30 times compared to the same period last year, demonstrating remarkable expansion potential. In addition, the protocol's annual revenue has reached approximately 30 million dollars, further proving the sustainability of its business model.
Pendle has attracted attention and investment from several top funds and has demonstrated strong capital-raising capabilities, showing its potential as an important participant in the DeFi field. With further market and technological developments, Pendle may become a key player in the yield management of staked assets.
