Bull market layout in May: Check out 4 cryptocurrencies with 100x potential that are worth ambush!
Today is May 1st, BTC has closed the monthly K-line for April. From the monthly K-line, we can see that Bitcoin has ended the previous seven consecutive positive trends, which is a good thing for Bitcoin. If the monthly line continues to rise, the risks will continue to accumulate, and it is unknown when it will fall, which makes people feel like there is a knife hanging over their heads.
The retracement of the monthly line just reached the 78.6% position of the Fibonacci sequence, which is also a good retracement position, releasing most of the risks. Then the trend of next month will still not see signs of a sharp drop, and there is a high probability that it will fluctuate widely. If it is presented at the weekly level, it will also fluctuate back and forth. If it is presented at the daily level, there will be large ups and downs, giving people a feeling of bullish going and bullish returning. Then the focus in May is not on Bitcoin, but on ETH and cottage.
The 4 cryptocurrencies worth paying attention to in May, the next 100x coin is among them!
如果你比较迷茫，不知道怎么布局，点头像看介绍，关注我，做你的指路明灯
1.AVAX
Avalanche is a layer-one blockchain that serves as a platform for decentralized applications and custom blockchain networks. It competes with Ethereum to become the leading blockchain for smart contracts. It aims to achieve this by providing higher transaction throughput of up to 6,500 transactions per second while maintaining scalability.
Avalanche has surged 105% over the past year and is up 2.97% in the last 24 hours. It is currently trading above its 200-day moving average at 120.50% and has an overbought 14-day relative strength index (RSI) of 73.86, suggesting a possible pullback. The market dominance is 0.56% with 11 green trading days out of 30, showing mixed sentiment. Its 30-day volatility is 16%, which means mild price swings. With high liquidity and a volume-to-market cap ratio of 0.0687, Avalanche remains well-positioned for growth and adoption.
2.WAVES
Waves is a blockchain technology that provides a user-friendly platform that makes it easy to create and customize digital tokens without coding skills. It enables many participants to create tokens, thus changing blockchain technology. Its native token WAVES serves as the backbone of the protocol, powering transactions and incentivizing network participation.It facilitates the issuance of tokens as digital assets, supporting decentralized applications (DApps) and smart contracts.
Despite a 33% gain over the last year, Waves is still trading 6.03% below its 200-day moving average. Waves is likely to trade sideways due to a neutral 14-day relative strength index (RSI) of 56.14. However, investor sentiment is likely to be positive with the price at $2.47, up 4.48% in the past 24 hours. Moreover, 47% of the past 30 trading days are positive, indicating potential strength. Waves has high liquidity and a volume-to-market cap ratio of 3.4312, providing opportunities for investors.
3.MYRO
Baby Myro is a token running on Binance Smart Chain (BSC). It is positioned as the embodiment of a cute puppy in the BSC ecosystem. Its main goals include promoting the adoption of Web3 technologies. It also aims to meet the demand for dog-themed memes across various blockchain platforms.
Furthermore, Baby Myro’s vision is to be a gateway for new cryptocurrency enthusiasts. It aims to help them explore the simplicity, warmth, and charm of blockchain technology. The project fosters a community of dog lovers. It also provides guidance and support for users to embark on their Web3 journey. The token has recently been widely praised on several prominent podcasts from Yahoo Finance, Benzinga, and Digital Journal. The company recently announced that multiple partnerships are in the pipeline. The token has also partnered with PinkSale, Dexview, and AveDex.
Meanwhile, BABYMYRO tokens can be traded on both centralized and decentralized cryptocurrency exchanges, with FinexBox being a popular choice. The BABYMYRO/USDT trading pair on FinexBox has achieved impressive results in the past 24 hours. Baby Myro (BABYMYRO) has outperformed the global cryptocurrency market, with a 15.03% price increase over the past 7 days. Moreover, it stands out among its peers in the Binance Smart Chain ecosystem cryptocurrencies.
4. PEPE
Pepe may seem like a less exciting choice, but it currently offers a notable investment opportunity due to a recent 7% drop in value. This decline represents a great opportunity for swing trading. Pepe's value has fallen 14% in the past week and 22% in the past month.
However, in stark contrast to this short-term decline, Pepe has experienced a massive 700% increase over the past year, indicating high volatility but also strong growth potential. Currently, Pepe has a market cap of $2.7 billion.
Recently, its market cap has risen to $5 billion, suggesting that it could double in value by the end of the current bull run. Given this potential, investors might consider allocating a small portion of their portfolio to Pepe, which could offer safe but modest returns.
This listing could help it become one of the top three memecoins, behind Dogecoin and Shiba Inu. Given these dynamics, Pepe is not only a viable investment due to its potential high returns, but also a relatively stable option in the volatile memecoin market.
