Currently, BTC has returned to its highs in May and June, and is in the range of 71,800 to 72,200. This situation has occurred again after a lapse of 5 months.
There are two key points to note:
1. When BTC climbs to around 71,800, it is likely to quickly fall back to 68,000 and fluctuate around this price for a while. During this period, altcoins usually fall with it, and funds will flow out of altcoins, causing the prices of these currencies to fall further. Contract users and spot users who are not firm enough may suffer losses as a result. BTC will fluctuate widely at high levels. After this wash process, it is expected to hit 73,000 in late November or December.
2. If BTC falls back below 70,000 after reaching 71,800 and starts to fluctuate, then we may see a rise in the altcoins in the meme sector. After that, each sector will rise in turn, and then funds will gradually withdraw, and the market will experience abnormal fluctuations before the election.
Overall, I remain optimistic about the future of BTC, but during this period, the market will experience multiple washouts and issues related to contract liquidity. What we need to do is seize the opportunity and buy decisively.
Bitcoin is about to surge to 80,000? The most worthwhile 100-fold cryptocurrency to buy in the bull market!
WIF
WIF is rising strongly and bulls are firmly in control of the situation, aiming directly at the $3 resistance level. It has risen 43.98% in the past week and is unstoppable!
If it can break through $3 in the future, the next stop will be $3.80. As WIF continues to gain popularity, it is expected to see an astonishing increase of 350% to 400% in the future. Especially in a favorable market environment, the prospects of this emerging cryptocurrency are quite bright.
HIM
Uniswap leads the decentralized exchange (DEX) market and runs on the Ethereum network. Powered by its utility token UNI, Uniswap makes it easier to trade ERC-20 tokens. No intermediaries are required, making transactions simpler and more convenient.
As the decentralized finance space grows, Uniswap continues to drive adoption and innovation in the cryptocurrency world. Ease of use and widespread popularity have made the platform and token stand out among investors.
TRX, LINK, and UNI have tremendous potential to reshape the digital world through innovative solutions. As adoption increases, these altcoins present exciting opportunities for those seeking long-term value in the crypto space.
SUN
Solana has proven to be a blue chip altcoin with long term potential. Despite frequent technical issues and reliance on meme coin shenanigans, Solana has sold off into oversold territory. Given its extremely low risk profile, $SOL is a very solid long term investment with 6-7x potential, and even more if the promised Firedancer upgrade is as significant as advertised.
Fragmentation through L2 scaling does present a risk as it begins to remove the top unique selling point of being an all-in-one native layer scalable blockchain.
