In the alt season, which coins can we pay attention to next?
In the alt season, some projects stand out with their innovation, practical value and growth potential. Among the many alt coins, I mainly analyze Ethereum (ETH), Stellar (XLM), and Near Protocol (NEAR)
1. Ethereum (ETH): The cornerstone of decentralized finance (Figure 1) Ethereum is firmly in the second largest digital currency position, providing a powerful development platform for decentralized applications. Ethereum is currently trading at $3,874 and faces a resistance level of $3,935. A breakthrough of this level may trigger a rebound to $4,000, and failure to break through may retrace the support level of $3,000.
2. Stellar (XLM): Reshaping global payments (Figure 2) Stellar focuses on providing efficient cross-border payment solutions and is favored by financial institutions and remittance service providers. At present, the value of Stellar has risen by 480%, reflecting the market's increased recognition of its blockchain functions. With the expansion of the scope of application and the clear focus of payment business, Stellar shows the potential to break through the descending triangle pattern and start an upward trend.
3. Near Protocol (NEAR): User-friendly blockchain platform (Figure 3) Near Protocol has become a scalable and easy-to-use blockchain platform favored by developers. The current trading range is around $7-8, with a 34% increase in the past two weeks. The mainstream market view is that driven by encrypted AI applications, the price target range is $16-30.