The TOP rising tokens on the game track:
YGG increased by 3.61% in one hour and is now priced at $1.51
GHST increased by 5.88% in 24 hours and is now quoted at $2.94
PIXEL 24-hour increase of 0.98%, currently quoted at $0.6631
Bitcoin Analysis:
Bitcoin never broke through the pressure level brought by the weekly line during last week's rebound, and the trading volume last week was obviously declining, and the same is true today. Coincidentally, the Federal Reserve data supports the theme that there will be no downward trend in the short term. In addition, the rate cut this year has been reduced to less than 70 basis points, and the yield on the 10-year U.S. Treasury bond has increased, causing the risk market to also be sucked. The crazy rise in the gold market has more or less robbed the crypto market of funds.
Bitcoin did not get off to a good start on Monday, the beginning of April, and is currently falling back temporarily. However, the good news is that the support below has moved up and become stronger, and there is limited room for short-term price declines. The bad news is that once the key support is broken, the situation may become ugly.
The current resistance levels for the short-term upward rebound are 70,000, the middle line of the 4-hour Bollinger Band, 71,500, the upper line of the 4-hour Bollinger Band, and 73,500, several pressures above the daily Bollinger Band. The weekly resistance level that has been blocking Bitcoin's rebound last week has reached around 74,000. During the current short-term decline of Bitcoin, many people are worried about a major correction, but there is a core monthly support during the daily-level correction.
Now, once the monthly level falls below, the downside risk increases and the pressure for rebound increases, which may not be a good thing in the short term. Of course, once it falls below, it does not necessarily mean that there will be a large-scale correction. After that, you still need to pay attention to the changing technical aspects every day. It should be noted that the Bollinger Bands at the daily level are gradually oscillating and shrinking. On the eve of the contraction and breakthrough, if the price can stabilize the Bollinger Bands on the upper track, it will be more conducive to the subsequent price rebound.
Recommended altcoins:
1:PENDLE
Pendle has launched an innovative platform that facilitates the tokenization and trading of future yields through a unique automated market maker. The platform is specifically designed to handle assets that decline over time. It aims to enable users to manage future yields more efficiently by providing options and opportunities to capitalize.
Pendle serves as the central point for yield on real-world asset (RWA) protocols on the blockchain, providing financial solutions such as reward asset financial products. Its versatile infrastructure allows liquidity providers to generate income across multiple blockchain networks, positioning itself as an indirect representative of the RWA space.
PENDLE has seen a significant surge in recent times, with an increase of more than 46.75% in the past week and more than 76.20% in the past month. The current price is $5.34, up 13.68% from the previous 24 hours, indicating a strong bullish momentum.
Furthermore, PENDLE is trading above its 200-day simple moving average and close to its all-time high. Also, its market cap is currently $1.3 million, so it has high liquidity.
The surge in price makes PENDLE an attractive option for remortgaging, promising strong returns during the month. It ranks 82nd on CoinMarketCap, further underscoring its growing prominence in the cryptocurrency market.
2:DGI
Decentralized Gaming Income Tokens (DGI) emerged as a multi-faceted solution to these challenges. Employing an innovative Guild-based staking framework and strategic partnerships with AI-driven game engines, DGI aims to drive Web3 gaming dominance at internet scale and shape the future of interactive entertainment.
DGI's community-driven approach positions it as a beacon of inclusivity and collaboration in the Web3 gaming space. With over 10,500 dUAWs, $3 million in annual revenue and a market cap of $80 million in eight weeks, DGI's success highlights the potential of its overall revenue model and extensive partner network.
The future of the digital gaming industry depends on Web3 integration, with revenue expected to reach $282 billion by 2024. In response, emerging on-chain games are poised to meet this demand.
3:MEME
On April 1, the total market capitalization of memecoins soared to a staggering $70 billion, with both old and new memecoins experiencing significant growth. Tokens like “dogwifhat” (WIF) and Book of Meme (BOME) on Solana, as well as established memecoins like Pepe and Bonk (BONK) have all experienced significant gains.
Coinbase's second-layer network Base has become a hot spot for memecoin speculation, and Base's native token DEGEN has soared 2,800% in the past month. The token was distributed to the community on the decentralized social network Farcaster, reflecting the current market focus on narrative-driven speculation rather than traditional fundamentals.
Cryptocurrency industry analysts are calling the current Bitcoin halving cycle the “weirdest” bull run yet, with a major shift in market dynamics. Unlike traditional cycles where liquidity flows from Bitcoin to Ethereum, then to other high market cap tokens, and then to smaller assets, this cycle saw a direct leap from Bitcoin to memecoins.
Final advice:
The best way to get out of such a market today is to stay put and hold shares. In general, the overall daily trend of the market continues to be bullish, and the target is to break through 3090 points.
Finally, there are still many things that have not been written in, such as specific opportunities and specific decisions. These things often cannot be summarized in one article. If you are interested, you can follow my homepage, I will update it at any time
