ETH continues to gain momentum, and the altcoin explosion season is approaching!
The recent crypto market has been very active, especially Ethereum, which has performed well in this rebound cycle. Ethereum continued to rise after the market correction, reaching a high of $3,684, showing a strong momentum of compensatory gains. It is worth noting that the options market is also optimistic about the rise of ETH and predicts that its subsequent explosive power may exceed that of Bitcoin. Especially in the context of the upcoming launch of ETH's pledged ETF, the potential of Ethereum is further optimistic.
Not only ETH, other crypto assets in the market have also begun to attract investors' attention. For example, staking and re-staking projects such as Ethfi, Eigen, Rez, and Ldo have seen astonishing increases, which has provided additional attraction for the entry of off-market funds. With the strong rebound of Ethereum, the bull market of altcoins may also follow, and everyone can look forward to this explosive season together.
Bitcoin's correction has come to an end, and it continues to hit the 100,000 mark!
Looking back at the recent trend of Bitcoin, there is still the potential to continue to hit $100,000 this week. From the low of $90,800, the price rebounded all the way to over $97,000. This wave of rebound is considerable and the trend is relatively stable. When the short positions were liquidated on the 27th, the air force failed to react in time, but was strongly pulled up to $97,000, and the short positions were liquidated. My view has always been that you should not short easily in a bull market, and the low-multiple strategy is still the mainstream.
Opportunities for altcoins and track selection
As Bitcoin and Ethereum continue to strengthen, the bull market for altcoins is gradually approaching. Which tracks will become hot spots for investment? Here are a few key areas:
MEME Track:
Since the end of 2023, meme coins such as Bonk and Wif have hit new highs, and old meme coins such as Pepe and Shib have also performed well. New meme projects are constantly launched on major exchanges, and the market hype atmosphere remains strong. According to historical experience, the MEME track will continue to be favored by funds when the market is high, so it is necessary to pay attention to newly launched meme coins and allocate positions reasonably.
AI Track:
At the beginning of 2023, AI-related encryption projects began to explode. Not only did AI projects in the encryption market increase significantly, but the AI sector of A-shares also performed well. From the end of 2023 to the beginning of 2024, AI-related encryption projects such as FET have achieved considerable gains. The combination of AI and memes, or its integration with other fields, may bring greater market opportunities.
Public chain track:
In every bull market, the performance of public chains cannot be ignored. Emerging public chains such as SOL, INJ, SUI, and old public chains such as ADA have great room for growth. The core competitiveness of the public chain track is technological innovation and ecological construction, so investors can pay attention to the opportunities of these emerging public chains.
Firm belief, choose the right track
With the push of big money, all tracks in the market will usher in a new wave of investment opportunities. For ordinary investors, it is very important to choose the right track and stick to long-term investment. The doubts about Ethereum are gone, and now Ethereum's performance is strong enough to prove its potential. Don't short blindly, but go with the trend and seize the opportunities brought by the big trend.
As the outbreak season of altcoins is getting closer, more innovative projects will appear in the market in the future. You may wish to pay attention in advance and make corresponding investment preparations. Whether it is the AI track, meme track, or public chain track, there are huge opportunities. As long as you seize the leading project, you can basically get a good return.
