Today, the cryptocurrency market showed an unprecedented volatility pattern, attracting the attention of many investors. Bitcoin (BTC) experienced a pullback after its recent strong rise, and finally closed at the key psychological price of $57,000, showing a signal that the market may adjust. At the same time, Ethereum (ETH) and Solana (SOL) fell into a downward channel, fluctuating in the red area, competing fiercely with the violent fluctuations of the market.
However, amid the market volatility, there are also bright spots. XRP has become a bright spot in today's market, successfully trading in the green disk area, showing its unique resilience. Followed by Stack (STX) and Lido DAO (LDO), both stood out with significant gains and became the most eye-catching crypto assets on the day.
In addition, the global cryptocurrency market capitalization fell by 0.56% today to $2.12 trillion. Yesterday, the total cryptocurrency market trading volume fell slightly by 1.49% to $63.61 billion.
The following five cryptocurrencies are expected to have a 100-fold return
1.Jasmy
JasmyCoin is a digital currency created by Jasmy Corporation, a Japanese company focused on Internet of Things (IoT) technology. Its goal is to use blockchain technology to help people control how their personal data is used and shared, giving users greater control over their data.
JasmyCoin tokens are used as special currency in the Jasmy network to support transactions and reward users for sharing data. The token runs on the secure and transparent Ethereum blockchain.
JasmyCoin creates a secure way to exchange data by connecting IoT devices to the blockchain. Individuals can earn money by sharing their data, while companies can gain valuable insights from users who agree to share their data.
JasmyCoin is gaining attention because it plays an important role in addressing data privacy and security issues. By giving people greater control over their data, JasmyCoin aims to change the way the IoT industry operates and drive a more equitable data economy.
2.LAND
Landshare is a leader in the tokenization of real estate assets, enabling people to buy small plots of land starting at just $1. This innovative investment method has attracted many investors who want to enter the real estate market.
Landshare uses blockchain technology to make it easy for people to own part of a property. This trend is not only emerging in the real estate sector, but also has widespread application in many other fields.
The LAND token is the main token of the Landshare platform, and its rapid development is beneficial to investors. Landshare has been at the forefront of combining blockchain with real estate, simplifying the process for people to invest in real estate.
Landshare has successfully sold four properties through its tokens, demonstrating its potential and readiness to grow. Their platform also supports transactions on other blockchain networks.
Although the price of LAND tokens has fluctuated recently, it is expected to continue to rise in the future. If the all-time high is reached again, its price may increase by nearly 500% from the current level.
3.RPL
Rocket Pool is a platform that makes it easy for users to stake Ethereum (ETH) without running their own validator node. This means that even if you don’t have a large amount of ETH, you can still earn rewards by helping to secure the Ethereum network. The platform uses RPL tokens to reward node operators for ensuring the network is secure and reliable.
RPL tokens are also used by holders to vote on updates to the platform and its rules, giving everyone who owns RPL a say in how the platform operates.
Rocket Pool is making it easy for anyone to earn staking rewards by simplifying the staking process and improving security. In doing so, they are helping to make the Ethereum network stronger and more resilient.
The RPL token has experienced some volatility recently, but it is expected to continue to rise before the next major move occurs.
4.INJ
Amid heightened volatility in the cryptocurrency market, INJ’s price has risen by around 5% over the past day, with a trading volume of $119.64 million, or 9.80%. Meanwhile, the AI Token has retested its key support level, showing that positive momentum is increasing.
In terms of technical indicators, the MACD shows a continued decline in the red histogram, indicating that buying pressure is increasing in the cryptocurrency space. In addition, the moving averages show bullish signs of convergence, suggesting that the price of Injective will continue to trade under positive influences.
If the bulls continue to dominate the cryptocurrency market, the price of Injective is expected to break upwards towards the $28.25 resistance level in the coming period.
5. RNDR
RNDR’s price has managed to regain momentum, rising by about 5% over the past day. Moreover, the AI token is currently trading at a discount of more than 50%, making it a great opportunity to add to your holdings based on its strong fundamentals.
The 50/200 day EMA is showing a continued downward trend, indicating a high probability of a death cross on the 1D timeframe.
On the other hand, the RSI indicator shows a continued rise in the price chart and possible signs of bullish convergence. Combining these two indicators, the price of Render shows mixed sentiment.
If the cryptocurrency market sees a bullish trend in the coming days, Render coin is expected to test its overhead resistance at $9,450 in July this year.
Summarize:
In an ever-changing economic environment, every data point becomes the key to interpreting future trends. The non-farm data that exceeded expectations not only shows the health of the economy, but also provides policymakers with factors that need to be carefully weighed. Let us continue to observe, analyze rationally, and keep up with the pulse of the market.
