The recent market is indeed a bit boring. The market should have rebounded, but it was scared off by the news of shipments from Mentougou, the United States, and the German government, so the market has returned to volatility. Everything has to wait until these FUDs are completely resolved before we can completely choose the direction. In terms of copycat, the sol ecosystem has a good trend, but it can be seen that this kind of market cannot be sustained. This can be seen from the fact that retail investors have even reduced their investment in local dogs. The market has entered a bull market cooling-off period, so there is really nothing to play with. However, the more deserted the market is, the more opportunities there are. The dog dealer will unexpectedly release news to violently pull the market, and many people will be thrown off the bus, so friends can also find some currencies that they are more optimistic about to ambush!
Everything is possible in this market!
According to historical experience, the market tends to experience large fluctuations about three months after the halving. The US will hold a general election on November 5 this year. In previous elections, the cryptocurrency market has skyrocketed. It is expected that the US will cut interest rates this year. Although it is not certain whether it will be in September or later, it is likely to be between September and November. The expectation of a rate cut itself will have a positive impact on the market.
The Federal Reserve's balance sheet has dropped from a peak of 2 trillion to around 486 billion currently. Based on previous data, it is speculated that interest rate cuts occurred shortly after the Federal Reserve stopped shrinking its balance sheet.
This market is where the counterattack takes place. The opportunity is right in front of you. Don’t miss it.
From current observations, the strongest story in this bull market is still the ETF narrative. The ETF narrative has three different meanings:
1- Through ETFs, a large amount of real money flows into the cryptocurrency world, such as the Bitcoin ETF
2- Favorable expectations, such as SOL ETF
3- Compliance, such as ETH becoming compliant
Bitcoin ETF has been tested before, and ETH ETF is also expected to be approved in July. Next, ETFs will not be applied for one by one, but in batches. SOL, LINK, OP, ARB, etc. will apply for ETFs. Whether it is passed or not is another matter. Apply first and then talk about it.
The influence of ETH ETF’s performance on altcoins is far greater than that of BTC ETF, because institutions and retail investors will use the capital inflow of ETH ETF to benchmark the performance of large altcoin ETFs and make operations.
TON
As cryptocurrencies are increasingly accepted and recognized by the public, the value of TON coins is gradually becoming apparent. Recent data shows that the demand for TON coins is steadily increasing, and the number of TON addresses at all levels has increased, indicating that the market's interest and confidence in TON are increasing. With the popularity of cryptocurrencies and the increasing market interest in TON coins, the possibility of more holders entering the profit zone is gradually increasing.
The upward trend of TON coin is still worth looking forward to. If market demand continues to grow, the price of TON coin is expected to break through the $8 mark.
PYTH
PYTH price trended lower near $0.30 as bullish momentum failed to sustain the market above $1. After a massive drop of over 70%, the altcoin entered a consolidation range and tested the upper trendline.
With a bullish crossover on the MACD indicator and rising momentum shown by the ADX line, PYTH price is on the verge of a breakout rally. With a breakout, the Solana-based altcoin can reach the $1 mark.
AVAX
Avalanche (AVAX) has been a strong performer in the cryptocurrency market, posting an 8% gain. The uptrend started three days ago when selling pressure started to decline, suggesting a price recovery. AVAX has closed in positive territory for the past three days. Notably, the key resistance level of $28.6 was breached yesterday.
Currently, Avalanche (AVAX) is trading in the range of $22.69 to $28.89. There are signs that bulls may have the upper hand over bears. If AVAX closes at a daily close between $28.89-30.31, it is likely to continue to rise.
