It is harder to make money in this bull market than in previous ones. There are too many currencies, which is very different from the last bull market. So how can we choose a good and potential copycat among these 10,000 currencies to invest in? Let me tell you my opinion.
After sorting out the tracks and varieties that should be laid out, there are actually very, very many. There are currently a lot of projects on BN. My personal method is to look for some currencies with high trading volume but relatively low market capitalization. The second is the track. There are still many BN IEO projects that have increased by 100 times in the last round of bull market. Therefore, we can focus on and lay out this area!
The second is the star ecosystem SOL since this year, as well as the Ethereum ecosystem, fan series, Hong Kong concept, Bitcoin ecosystem, RWA, modularization, re-staking, L2, oracle, DWF, etc. In fact, the focus of the layout is on the ones listed below. Many old ecosystems that were hyped in the last bull market may not perform well in this round!
The market always speculates on new things rather than old ones, no matter whether it is old varieties or old tracks! After all, new things tell better stories, and the selling pressure is relatively less than that of old projects, so we must embrace new things.
Just like many people are not actually on the big pie at the moment, because the rise is too fast, beyond many people's expectations! Then the arrival of the cottage season may be the same, so fast that people are caught off guard, and the end will be silent! What we need to do is to ambush in advance! Hold the chips and wait for the wind to come!
5 popular cryptocurrencies about to reach 100 times in the bull run!
1. OK
Since its listing in January this year, ONDO’s price has been on an upward trend. Since February 1, ONDO has risen by 550% and reached an all-time high of $1.3 on May 26.
ONDO continues to create higher highs and higher lows with no signs of slowing down. One of the main reasons for ONDO’s rise is the backing of Blackrock, a multi-billion dollar American investment firm. BlackRock is responsible for kicking off the Bitcoin bull run after filing an application for a spot ETF in mid-June.
On March 20, BlackRock announced the launch of a tokenized fund based on Ethereum, which boosted the popularity of the RWA category. ONDO is backed by BlackRock, has the support of Wall Street's Jump market maker, and has cooperated with Coinbase, making it very strong. Currently, it is only available on Binance, and has unlimited potential in the future.
2. TRU
TRU is led by a16z, and its founder was a former Google engineer. It has the RWA concept and is an emerging hot spot. It has a low market value and is almost fully circulated, which is much stronger than those coins with only 10% of the circulation market value but a high market value. Whale investors will not let go of such a high-quality target easily.
3. POLYX
POLYX has a market value of $395 million and a circulation rate of 80%. It is an institutional-level permissioned blockchain built specifically for institutional assets and a star project in the RWA sector.
4. ENS
ENS price surged sharply by nearly 80% last week, forming a bullish engulfing candle on the 1W chart. Moreover, the bull run in the altcoin has weakened the bearish influence seen last month.
Buyers challenge the $28 supply zone as Ethereum naming service price breaks above the 23.60% Fib level. With the bullish breakout, the extended uptrend is likely to surpass the 50% Fib level at $41.58.
Optimistically, if this momentum can continue, buyers can reach the psychological level of $50 by the end of the week.
5. SNX
Amid the broader market bull run, the Synthetix altcoin absorbed additional momentum to initiate a recovery rally. With a 17% price increase last week, SNX price action completed a Morning Star pattern on the 1W chart.
With this recovery, the chances of a trend reversal for altcoins increase significantly. A sustained recovery this week will challenge the $5 supply zone for a breakout.
Create a high-quality circle
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I will share some content: as shown below:
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The article ends here. I will do a more detailed analysis in the circle. I will reply to everyone in time! ~