Bitcoin has become a bit erratic again, after the rebound it’s not stabilizing but is instead declining steadily, which is truly frustrating to watch. Fortunately, mainstream assets are still performing decently, not letting us down too much. However, those altcoins that just showed some promise have quickly fallen back down. It’s really nerve-wracking, especially for those who leveraged, the ups and downs are simply too much to bear!
Now everyone is wondering, will the bull market return? Will the spot assets in hand crash? Don't worry, let me analyze it slowly. Note: This article is a personal review and not investment advice. I think Bitcoin may fluctuate between 94000 and 98000 recently, and it may continue to drop a little, but if it really falls to 90000, it should stabilize.
Now let's talk about $BNB, this guy has been hovering around 600 for a long time, but thankfully it has loyal airdrops boosting its score, so its performance is decent. I expect it to be relatively stable between 640 and 680.
As for the second largest cryptocurrency $ETH, it now has to look at Bitcoin's movements. If Bitcoin doesn't take new paths, ETH can only stand still. Currently, the range of 3200 to 3500 is its temporary safe zone.
Returning to today's daily $BTC market analysis, from the K-line perspective, the 1-hour level shows signs of stabilization, the 4-hour level is declining, the 12-hour level is also declining, and the daily level is declining, with an intraday resistance at 97100 and a support level at 92300 dollars.
The four cryptocurrencies that are most worth buying during the altcoin crash!!!
Cardano (ADA)
Cardano is making waves in the cryptocurrency space. It is a flexible platform designed for smart contracts, meaning developers can build decentralized applications, tokens, and games on it. What sets Cardano apart is its focus on sustainability and scalability. Unlike some other cryptocurrencies, Cardano uses a more energy-efficient system called proof of stake, making it more environmentally friendly.
ADA is the native cryptocurrency of Cardano, competing with Ethereum's ETH. Users can store value, make payments, and even earn rewards by staking ADA on the network. Cardano's unique dual-layer system enhances its transaction speed, processing up to a million transactions per second. With these features, ADA is becoming an interesting player in the current market. As more people seek environmentally friendly and efficient cryptocurrency options, Cardano's ADA is gaining increasing attention in the crypto community.
Shiba Inu (SHIB)
Shiba Inu, also known as SHIB, is a cryptocurrency that started as a joke but later became a big deal. SHIB was launched in August 2020 by an anonymous creator named Ryoshi and runs on the Ethereum blockchain. This means it can work with many applications in the Ethereum world. SHIB originally had a massive supply of 1 quadrillion tokens! To build trust, half of it was sent to Ethereum co-founder Vitalik Buterin. Buterin donated a significant amount of SHIB to COVID relief funds in India and then 'burned' 40% of the total supply. These actions put SHIB in the spotlight.
Unlike other meme coins like Dogecoin, SHIB's goal is not just a joke. Since it runs on Ethereum, it can do more interesting things. For example, SHIB has its own exchange, ShibaSwap. They also plan to create a platform for NFTs (digital art) and establish a system where users can vote on changes. This means SHIB could have real use cases in the future. In today's market, people are looking for tokens with real potential, and SHIB might be an attractive option. Its plans and technology can help it stand out in the crowded crypto space.
Pepe (PEPE)
The next project on the list is Pepe. The entire Pepe ecosystem has been in the spotlight, especially with Elon Musk's recent Pepe tweets. Although the token is down 4.65% today, it presents a great buying opportunity.
Down 22.69% in a week, 13.23% this month, but still has greater potential. Many believe Elon Musk is not done yet, and if he continues to post Pepe-style memes, it can provide daily momentum for the project.
With a current market cap of $7.6 billion, down nearly $2 billion, the growth potential is evident. Some even speculate it could surpass Shiba Inu or Dogecoin. If this happens, the profits could be enormous.
PEPE has performed strongly over the past year, making it a promising and relatively safe blue-chip project. It has sales in almost every major market, making it an excellent addition to any portfolio.
Bonk (BONK)
The last cryptocurrency on the list is Bonk (BONK), a meme coin that performed strongly at the beginning of this year and became a key player in the cryptocurrency meme space. However, it has lost some momentum and has seen significant declines. Bonk is down 4.91% today and 10.67% this week.
Despite this, it still ranks among the top ten cryptocurrencies, performing better than Dogecoin and the Chubby Penguin. The question now is how high it can go, especially on red days, while maintaining a strong position. Bonk has dropped nearly 37% in a month, but the project still has great potential.