In the current cryptocurrency market, Bitcoin is still in a high-level oscillation stage, and the overall market supply and demand are relatively balanced. Although the market supply is sufficient, the demand is still strong, so the price may still break through the $100,000 mark in the short term. The current trend can be regarded as an adjustment in the rise, and the market performance is similar to sideways consolidation. This shows that investors should wait patiently for further increase in demand. Once there is strong intervention in the market, the price of the currency is expected to break through. For existing holders, taking profits in batches is a more stable strategy.
Ethereum's performance also shows a linkage trend, especially in terms of its good relationship with the exchange rate. If the current price does not experience a sharp correction, the possibility of its price continuing to rise is still high. The market's pressure level is concentrated around 0.04. If this pressure can be broken, ETH may enter a new upward cycle.
In terms of altcoins, the market performance is relatively active, and most altcoins show a general rise. As Bitcoin's market share gradually decreases, the seasonal rise of altcoins seems to have begun, but it has not yet reached the craziest stage. Therefore, investors should remain patient and pay attention to the rotation of funds between different sectors. At this stage, it is usually wiser to intervene at a low point than to chase highs.
VET
VET has performed well recently and has become one of the currencies with the largest increase in the market. VeChain provides innovative solutions for enterprise applications by combining the Internet of Things (IoT) and blockchain technology. Its unique dual-token model and fee delegation mechanism make it easier for enterprises to access blockchain technology with lower fees and convenient payment methods.
VET has been relatively stable over the past month, with strong volume and market cap ratios. VET is 78.60% above its 200-day moving average, making it attractive for long-term investors. With corporate adoption and environmentally oriented initiatives, VeChain has undoubtedly become a focus for investors seeking sustainable investments.
XLM
As a decentralized payment network, XLM has gained worldwide popularity with its efficient and low-cost transfer function. Unlike other cryptocurrencies such as Bitcoin, Stellar aims to provide fast and low-cost cross-border payment solutions and support the conversion of multiple currencies. As the native token of its platform, XLM has established partnerships with many large companies, and its network has processed billions of transactions. With the increasing demand for blockchain payments, the prospects of XLM are still worth paying attention to.
APT
Aptos is an emerging blockchain project that aims to solve the high transaction fees and network congestion problems of traditional platforms such as Ethereum. Aptos uses an innovative proof-of-stake consensus mechanism and focuses on providing highly scalable and secure blockchain solutions. Aptos was created by the core development team of the DiEM project, the predecessor of Meta, and uses the Move programming language with strong smart contract capabilities. Aptos has been hailed as the "Solana Killer" by the outside world, and aims to solve the limitations of existing blockchain platforms, attracting a large number of Web3 application developers and investors.
YGG
YGG is currently hovering below the resistance level of around $0.70. To break through this price range and push the price up further, the market needs to provide stronger support. YGG's price performance is affected by the "Purification Event", which may become a catalyst for breaking through the current resistance. If the market reacts positively to this event, YGG is expected to usher in a wave of upward market.
In summary, the current market as a whole presents an upward relay structure, especially driven by mainstream currencies such as Bitcoin and Ethereum, altcoins have also begun to enter the rising stage. For investors, it is a more rational strategy to patiently wait for the right time to intervene, especially in the altcoin market, and ambush on dips. At the same time, pay attention to projects like VeChain and Aptos, whose applications and technological innovations in their respective fields provide a solid foundation for future market performance.
