The zoo market has reappeared. In the past two days, many animal concept coins have seen a significant increase, such as EDOGE, PESTO, MOO, DENG, CHEEMS, etc., all of which have seen a large increase.
The price of Bitcoin once again tested the $65,000 mark, and has been near this position for three consecutive days. Next, we don’t need to pay attention to the overall market speculation, because the market has been rising until the end of the year, which means that confidence in encryption will continue until the end of the year. At this time, we should pay attention to high-quality copycats at the community or other levels.
At present, the market is also in an upward trend, but it has been sideways in the 62,000~65,000 area for a while. Because this wave of rise is still relatively steep from the perspective of the trend line, so it is a relatively healthy phenomenon to consolidate below before standing firmly at 65,000. From the weekly and daily lines, the market has already stood on the 15-day EMA, which is a stage of bullish resonance. Therefore, we are still looking forward to this wave of breakthrough! If it breaks through, there will be a wave of money-making effect!
Why do we say that a big bull market may really be coming? And how will the market develop in the future?
Gold is going crazy, breaking through all-time highs. Bitcoin rose by $4,000 in the past week, and Ethereum rose by nearly $300. The crypto industry experienced its best week since September. If it can keep up, the Bitcoin decline curse in September will be broken. Some analysts even said that this is just the beginning, and the next October or even the entire Q4 will usher in a bigger explosion.
What are the factors driving Bitcoin's recent rise?
1. The Fed cuts interest rates, kicking off the rise of Bitcoin
2. Gold surges
3. Ethereum rebounds, driving market sentiment back to health
Ethereum has bottomed out and rebounded in recent days, boosting the activity of the entire ecosystem. Market sentiment has improved, and all sectors are rising, which also plays an important role in maintaining the price of Bitcoin.
4. Harris publicly announced his support for the crypto industry for the first time
The narrative on Solana has basically been told. If there is no new narrative, then this round of $SOL will be about 2-3 times the increase of $ETH. Capital needs a new public chain to carry traffic.
In every round, there will be so-called Ethereum killers. Although the public chain competition seems to be over, from the perspective of capital, Ethereum killers are just superficial. They just follow the path of Ethereum again and improve the performance. In essence, they are just building a new plate to carry funds rather than carrying the sedan chair for others.
The Ethereum killer in the previous round was $ADA, which ranked third in market value at the peak of the bull market; in the previous round it was $BNB and continues to be so until now; in the first half of this round, $SOL briefly took the lead and squeezed out $BNB, and it will most likely sit firmly in the third place by the end of this round; then, the third place in the next bull market should perform well in this round, at least enter the top ten (excluding stablecoins).
Let's talk about SUI, which is very popular today:
As an emerging public chain, SUI's market performance is gradually increasing.
It has received support from large investment institutions such as Grayscale Trust, providing strong guarantees for its future development.
However, due to the relatively small circulation of SUI and the large number of unlocked tokens, its price may fluctuate greatly due to the influence of market supply and demand.
Future Challenges for SUI
Although Sui has achieved significant market results recently and its ecological development is gradually advancing, it is still too early to call it a "Solana killer".
From trading volume, activity to market infrastructure, there is still a significant gap between Sui and Solana. The one that can really compete with Sui may be TON, which is also highly positioned, rather than Solana.
In the investment market, short-term price fluctuations are often affected by multiple factors. In the long run, whether Sui can gain a foothold in the highly competitive public chain ecosystem will require more time and market testing.
As a new public chain with excellent performance and prosperous ecology, Sui is attracting more and more attention with its unique charm and unlimited potential. In the second half of the bull market, the competition between Sui and Solana will be more intense and exciting. However, no matter who will win in the end, we should expect and believe that the blockchain industry will prosper as a result.
$Phantom
Fantom is the return of AC, with the updated brand name Sonic, which is a new take on an old tree. I think they have the potential to carry the narrative and be hyped, thereby increasing their market value. As for whether they can carry on what was mentioned in the previous point, further observation is needed. The expectation is there, which means there is room.
The token name after the brand upgrade was changed to $S. The main change in the upgrade is the transaction speed, which is said to be faster than Solana. Does it taste familiar? The memes on Fantom are limited, and funds are easier to concentrate. Previously in May, AC led a wave of ecological incentives.
The biggest narratives of this round are ETF (Bitcoin ecosystem) and memecoin (against VC)
For competing public chains, the large-scale application of SOL’s pumpfun is the best path to follow. Therefore, it is bold to infer that both Fantom and Sui will usher in a meme explosion, bringing users and funds to the ecosystem. There are already signs of this, but it is relatively early.
$BE
Sei has gained attention as a dedicated layer 1 blockchain developed specifically for trading platforms. This dedication means that the exchange can process a large number of orders per second and complete trades quickly, with a target of just 380 milliseconds.
Large institutions are expected to secure Sei, reflecting its strong focus on security. It is expected that by 2030, if the highest price forecast is achieved, the potential growth rate will reach 323.76%. For those who follow the trend of cryptocurrency, by optimizing the underlying protocol and on-chain execution, Sei not only increases transaction throughput, but also reduces transaction costs, providing a solid foundation for the development of the DEX ecosystem. If the trading volume continues to grow, Sei may become a major player in the altcoin market. Those who missed SUI can pay attention to SEI.
You can ambush these three public chains in advance.
