The market is indeed brutal; on the 20th, Bitcoin dropped to 92,300, only for it to rebound to 99,570 on the 21st, fluctuating by nearly 8 points. Many people sold at the lowest point or faced liquidation, and when they saw the price rise, they jumped back in. This back-and-forth has left many with fewer coins, and those who suffered significant losses are still unwilling to give up and continue to prepare for the next battle. If lessons aren't learned, they will continue to be cut and liquidated.
So, what will the market do next? Is the bull market still on? Don’t rush, let’s take a look at the news and data from all sides, and review it together. This is just my personal opinion, so take it lightly and don't consider it as investment advice. The good news is that the Federal Reserve seems to have been largely digested by the market. Overall, there seems to be more good news. On Friday night, the US stock market stabilized, and Bitcoin is doing alright. After the fluctuations yesterday, we can see that the market does not show signs of a collapse and has stabilized.
Currently, Bitcoin is hovering around 97,000. On the 20th, there was a significant drop with particularly high trading volume! Next, it might fluctuate between 95,000 and 100,000. This position has some risk, so it's not advisable to buy a lot right now. If it really drops below 95,000, we can slowly buy more, all the way down to 80,000. Of course, it’s best not to let it fall that far! If Bitcoin rises above 100,000, then those who bought earlier can consider selling!
Buy the dip on these 4 altcoins to welcome 10x potential!
1. PEPE
Pepe is the origin of various Pepe-themed meme coins, which are currently widely circulated in the cryptocurrency market. With a market cap of $7.4 billion, Pepe continues to dominate the meme coin space.
Despite experiencing incredible growth over the past few months, many believe that this token still has significant upside potential.
Data from recent weeks shows that the number of whale investors in Pepe has been increasing, particularly among wallets holding between $1,000 and $10,000, $10,000 and $100,000, and even those holding between $100,000 and $1 million.
The growing interest from large investors suggests that Pepe's value may continue to rise, with some predicting that its market cap could reach between $1.5 billion and $2.5 billion during this bull market peak.
Pepe's price surged over 7% today, demonstrating strong bullish momentum. Although it has fallen 13% over the past few months, the token's monthly closing prices continue to trend upward, indicating potential bullish sentiment.
The recent surge has led many investors and enthusiasts to anticipate further significant increases in the coming weeks, making Pepe a currency worth closely monitoring.
2. POPCAT
The current price of POPCAT is $0.748, having experienced a significant decline over the past month, falling from a previous high of $2. This marks a substantial correction of approximately 65% to 40% from its peak.
For investors inclined to buy during market downturns, Popcat may represent a potential opportunity for future growth. The token's sharp decline has placed it in what seems to be an accumulation area, suggesting that it may be ready to rebound.
The downward trend within the monthly timeframe reflects a period of calm, which may indicate that buying interest might resurface. Given that this asset is currently hovering near interest points, investors may see this as an opportunity to profit from discounted prices.
Despite the recent decline, POPCAT's previous performance (almost reaching the $2 mark) indicates that the project still garners considerable market attention. As the price stabilizes, it may provide a favorable entry point for those looking to capitalize on potential upward momentum.
3. TIA
Celestia launched the Ginger upgrade in its mainnet Beta version, marking a significant step toward improving performance and laying the groundwork for future scalability. This upgrade aligns with the platform's ongoing efforts to enhance blockchain efficiency and expand decentralized data accessibility.
According to Celestia, the Ginger upgrade is a significant milestone in its roadmap, emphasizing its commitment to decentralization and scalability. This update supports the platform's ability to meet new use cases for decentralized applications, particularly those requiring data-intensive operations and aggregation.
This highlights Celestia's commitment to building a blockchain ecosystem that meets the growing demands of developers and users. As of the writing of this article, Celestia's price is $5, and the cryptocurrency has shown sustained strength, with 15 days of upward trends in the past 30 days.
Additionally, Celestia shows high liquidity relative to its market cap, indicating strong investor interest and active trading activity. The Ginger upgrade marks progress in achieving a scalable and decentralized blockchain environment.
By focusing on performance improvements and preparing for future demands, Celestia positions itself as a viable platform for developers seeking to build efficient, innovative decentralized applications. This upgrade also highlights the platform's potential to support more robust use cases in the ever-evolving blockchain landscape.
4. QNT
Quant is the operating system of distributed ledger technology, powered by the Overledger Network, designed to connect various blockchain networks. It is known as the first blockchain-centric operating system, with the primary goal of bridging the interoperability gap between different blockchain platforms.
Moreover, the 14-day relative strength index (RSI) is at 29.44, indicating that the asset is currently oversold and may soon experience an upward trend.
The token's performance has further benefited from its high liquidity relative to its market cap and a strong performance of 53% over 16 days in the past 30 days. Additionally, Quant's positive performance relative to its token sale price emphasizes its potential appeal to investors.
These technical indicators suggest that QNT may rise further in the short term, especially if broader market conditions stabilize. Its role in enhancing blockchain interoperability increases its long-term relevance, making it a project worth watching.