Yesterday, Ethereum (ETH) experienced a strong rally, rebounding over 400 points from a low of around $3250, reaching a high of $3688. Currently, it is encountering some resistance around $3700, mainly related to the accumulation of trapped positions following the previous approval of the Ethereum ETF. In the short term, this position may require some time to digest before seeking a higher breakthrough.
From the perspective of rebound rotation, ORDIs have not yet clearly started, but as a project that once led a mini bull market, it may see significant price increases once it erupts. Currently, the price of ORDI is around $40, and there is still ample room to reach the target range of $50-60 above. The current entry cost-performance ratio is relatively high. Investors are advised to pay attention and avoid chasing high prices after a significant increase.
Moreover, due to the US stock market being closed tonight, Bitcoin (BTC) is likely to experience fluctuations today. The rhythm of market rotation creates good opportunities for altcoins to rebound, which is worth paying close attention to. Yesterday's market performance showed that bulls made a significant counterattack by liquidating shorts, and the rebound rotation effect in the market is evident, with various assets having performance opportunities.
Three hot altcoins worth investing in during the bull market!
RENDER
The Render (RNDR) token is the core utility token of The Render Network, which provides decentralized GPU rendering solutions. Through this platform, creators can complete complex rendering tasks more efficiently and at a lower cost. Node operators participate in the network by contributing unused GPU capacity and are rewarded with RENDER tokens, forming an efficient distributed resource utilization model.
Render Network leverages distributed computing power to support fields such as animation production, motion graphics design, and visual effects development. In the context of the continuous growth in demand for high-quality rendering, this technology shows great potential.
In the current market cycle, the appeal of RNDR mainly depends on the network's adoption rate and overall market conditions. As more industries demand powerful rendering capabilities, the decentralized model of the Render Network may become a key solution, further driving the value growth of RNDR.
DOGE
Dogecoin (Dogecoin) has the potential to become one of the mainstream payment currencies, thanks to strong support from Elon Musk. As the first MEME coin, its status in the cryptocurrency realm is comparable to Bitcoin, earning it the title of 'King of MEME.'
If you haven't invested in Dogecoin yet, the current pullback may be an ideal entry point. As long as Dogecoin's price breaks through the key level of $0.5, it is expected to officially enter a 'bull market.' Additionally, Trump's inauguration may serve as another catalyst for Dogecoin, pushing it further towards the $1 target.
XRP
Ripple recently announced a partnership with Archax, a digital asset exchange regulated by the UK's Financial Conduct Authority (FCA). The two parties will jointly launch a tokenized currency market fund based on the XRP ledger (XRPL). This initiative is part of Ripple's larger strategy, involving its $3.8 billion USD liquidity fund (Lux).
Ripple's strategy aims to further expand the application of blockchain in traditional finance through the realization of tokenized assets. This project not only opens the door for broader institutional adoption but also demonstrates the potential and practicality of XRPL in handling complex financial instruments. These efforts will help drive the long-term growth and value enhancement of XRP in the global financial system.
