The big cake has been trading sideways here for more than half a year. The core logic is that it is too expensive. The main funds will feel it is expensive when they pull up the market now, and retail investors will feel it is expensive when they buy in. Maybe it is because the timing is not right, or maybe it is because of some other reasons. However, the core logic is that it is too expensive, the car is heavy, and it has not been cleared!

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Without a sharp drop, there will be no huge turnover. Without a huge turnover, the main funds will not have enough chips. If the main funds do not have enough chips, it will cost money to pull up the market, and the market will not be able to break out of the bottom shock, and there will be no bottom structure.
What is 519? It was the innate volume crash, the trampling on each other, and the emotional torture of the bottom wash that lasted for two months, which caused the collapse of confidence. At that time, many people, including me, felt that the bull market was over.

Now, let's look at it. We are not in agreement. We have been in disagreement with the market. Emotions are not in agreement, funds are not in agreement, and the two major forces of the East and the West are not in agreement.

A slow cut with a small knife can certainly wash out the floating chips, but now that big cake has been accepted by many institutions and listed in the asset allocation list, perhaps big cake has gradually become a battlefield for institutional games, which is why it has shown such a trend in the past six months.

The big drop adjustment is over: the three most worthwhile altcoins to buy in 2024 with a potential of 100 times!

FTM

According to analysis, Fantom (FTM) has shown a potential uptrend. The coin has been trading in a falling wedge pattern for a few months and recently broke above a key resistance level, indicating a shift in momentum.

Captain Faibik’s chart analysis suggests that a breakout of this wedge pattern could signal a reversal of the prior downtrend. Typically, this pattern suggests that selling pressure has weakened, allowing buying activity to take over.

SHIB

Shiba Inu (SHIB) has experienced a significant recovery following an unexpected price drop over the past 24 hours. The meme coin is showing signs of improvement, with growth metrics including the burn rate rising. The destruction rate increased by more than 455%, indicating that the project’s key metrics have been reset.

Following the recent decline, SHIB is attempting to recover its earlier losses. As of the time of writing, the token has gained 1.68% to $0.000017.

DOGE

Dogecoin has shown significant movement recently. It is priced at $0.1075, up 1.73% in the past 24 hours. Over the past year, Dogecoin has experienced massive growth of 85%, outperforming 57% of the top 100 cryptocurrencies during the same period. This indicates relatively strong performance compared to other assets.

Over the past 30 days, Dogecoin has closed above its daily opening price 16 times, or 53%, which indicates continued strong price activity.

AR

Arweave is a decentralized storage network focused on providing permanent data storage solutions. Arweave’s native cryptocurrency, AR, is essential to the operation of the network. It incentivizes participants to host and protect data and rewards their contributions with AR tokens.

Arweave has seen a surge in interest recently, with its price rising 4.60% intraday to $18. The rise reflects growing interest in decentralized storage options, likely driven by growing demand for data storage among individuals and businesses.