Bitcoin has been rebounding since yesterday, but the strength of the rebound is not very strong. It is estimated that it will continue to fluctuate and adjust to repeatedly verify the bottom support position. Then after July, there will be an overall improvement.
The performance of copycats has been good in the past two days, especially meme, and AI and other sectors, which everyone can pay special attention to.
Potential altcoins worth paying attention to now
ANCHOR
Ankr Network is a unique project that aims to simplify web3 development. It provides blockchain-based cross-chain infrastructure to facilitate the development of decentralized finance (DeFi) and applications (dApps). Ankr is also known for its staking protocol Stkr, which supports ETH staking and provides a large amount of liquidity for Ethereum 2.0 stakers.
Meanwhile, investors are optimistic about Ankr's prospects, which is reflected in the bullish sentiment. The surge in positive sentiment has pushed the Greed Index up to 81, indicating strong confidence among investors and traders. The overall market recovery has also made market participants pay close attention to the movement of ANKR, with increasing trading volumes.
GHOST
Aave is a decentralized open-source lending protocol on the Ethereum blockchain. It allows users to earn interest on deposits and borrow various cryptocurrencies. Aave supports 22 ERC-20 tokens for these transactions and provides advanced features such as flash loans and liquidity pool token trading.
Users who deposit tokens will receive tokens in return, which will accrue interest over time. Borrowers can choose between a floating rate or a stable rate. Stable rates can adjust based on significant market changes, while floating rates remain low but fluctuate with demand.
Flash loans are a key feature that allow users to borrow unsecured funds instantly, provided they are repaid in the same Ethereum transaction. They are primarily used for arbitrage opportunities and yield farming strategies in the decentralized finance (DeFi) ecosystem. Aave has also introduced a market for lending liquidity pool tokens from exchanges such as Uniswap. These tokens provide additional returns to liquidity providers.
CKB
Nervos Network is a unique project that aims to create a secure peer-to-peer network for a variety of blockchain services. These services include smart contracts, asset issuance, decentralized applications (dApps), interoperability between blockchains, and secure data storage. The mainnet was launched in November 2019 and uses a two-tier architecture.
The Universal Knowledge Base Base layer uses Proof of Work (PoW) consensus and hosts the CKByte (CKB) cryptocurrency. This layer ensures network security and resource management. The Computation Layer processes transactions and runs decentralized applications (dApps) and smart contracts.
Messari recently published a detailed report on the Nervos Network, highlighting its significant contribution to enhancing Bitcoin technology. The report outlines how Nervos uses its innovative Layer-1 blockchain and RGB++ protocol to solve scalability and programmability challenges in the Bitcoin ecosystem. The RGB++ protocol enables smart contracts and asset issuance on the Bitcoin blockchain. Since its implementation, the protocol has driven a 181% month-over-month increase in new addresses in April.
RNDR
Render's intraday trading volume surged 11.60%, and the current price is $7.67, which is lower than the recent high of $8.33. According to data, RNDR's trading volume surged 108.14% to $252 million. The surge in trading volume reflects increased market interest, which may indicate increased selling pressure.
RNDR’s 14-day relative strength index (RSI) is 42.66, indicating that the cryptocurrency is currently in a neutral zone and may continue to move sideways. In addition, the high liquidity of the token (supported by its market capitalization) consolidates its stable position in the market.
Recently, Coinbase has captured global attention with its announcement that it will begin trading Render and other cryptocurrencies in New York. The news has sparked a huge interest in the entire crypto market, and despite the recent bearish trend, the outlook for these tokens remains positive. Additionally, the Metaverse concept has begun to gain momentum, and demand for rendering capabilities is expected to surge. Render's unique value proposition and growing adoption make its token a potential investment opportunity. This potential for growth in the expanding Metaverse is crucial for those looking to benefit from this trend.
BE
The Sei blockchain combines Ethereum’s development tools with Solana’s high performance. The platform is the fastest layer 1 blockchain, with blocks finalized in just 390 milliseconds. It aims to solve the speed, scalability, and reliability issues that exist in current layer 1 blockchains, especially for transactional applications.
The platform also has a built-in order matching engine. This engine helps decentralized exchanges (DEX) manage orders efficiently and fairly, preventing unfair trading practices such as front-running. Sei's system supports trading platforms, NFT markets, DeFi applications, and game economies.
Recently, Sei v2 was integrated with Stargate, the liquidity layer for the DeFi space. As part of Stargate v2, this integration improves cost efficiency and interoperability between blockchains. Users can bridge Ethereum (wETH) into the Sei network without paying protocol fees, only gas fees on both ends. In addition, this integration allows access to many Layer Zero tokens without having to pay exchange fees, only gas fees. As of writing, the SEI token is trading at $0.36, up 9.03%. Market sentiment is bullish.
