BTC is hovering around the $100,000 mark today:
Right now, the market has actually entered the first phase of the altcoin bull market. The trends of altcoins and major coins are starting to diverge; the short-term pullback or rise of the major market is completely ignored by altcoins. Everyone knows that the upward trend has already formed, and each altcoin sector can just follow its own pace.
In a bullish market atmosphere, experienced investors from the 2017 and 2021 bull runs know that in a rising environment, altcoin funds are not as sensitive to market trends. There won't be a situation where funds exit at the slightest market fluctuation; instead, these funds feel that it’s finally their turn.
So whichever has favorable news will see a strong rally, because the window for making money is so short; if missed, it may take another 4 years to wait! For bullish targets, one should actively chase the rise, but learn to take profits, otherwise it is easy to get stuck at the peak.
The altcoin leader Ethereum finally showed some strength, although it pulled back after hitting the $4000 mark, settling around $3.9k.
Ethereum may be moving slowly, but its structure is still good. Yesterday's surge also boosted DEFI and some tokens within the Ethereum ecosystem. Ethereum's short-term resistance is at $4100; if it surpasses $4100, it will challenge its historical high.
Ethereum symbolizes altcoins; only when Ethereum improves can the altcoin market perform better!
The next few days may present good opportunities to catch up on altcoin rebounds, so what we need to do now is select the right sectors.
So, we can continue to pay more attention to:
- AI Sector
AI narrative speculation, using rises to attract people.
Basically, funds are currently concentrated in AI. Don't forget, OpenAI has 12 live broadcasts in 12 days. Starting at 10 AM on weekdays, ending on the 20th.
- RWA Sector
The growth potential of the RWA sector goes without saying, especially against the backdrop of a gradually digitizing global economy, the demand for asset tokenization will continue to grow.
- Meme Sector
Meme tokens are still the top choice among various altcoin sectors. After BTC's downturn ends, meme tokens will still be the brightest track in the market.
When market sentiment is high, they often become catalysts for price increases. It is important to choose projects with community support and sustained narrative capability. Therefore, it’s best to buy at lower levels if possible.
Recommended these tokens with unlimited potential:
» Hedera ($HBAR)
Market Cap: $12.962 billion
24-hour trading volume: $3.685 billion
Despite its large market cap, it has applied for an ETF, and its founder is associated with Trump's team.
Collaborating with major tokens like $ADA and $XRP, it is still severely undervalued.
Providing solutions for industries such as pharmaceuticals, luxury goods, and automotive through leading hashgraph technology, with partners including top companies like Google and IBM.
» Across Protocol ($ACX)
Market Cap: $2.630 billion
24-hour trading volume: $456 million
This belongs to small yet beautiful, low market cap, and long-cycle surviving business projects.
The Across Protocol project team comes from the previously strong UMA team, and the project helps solve the long waiting issue during withdrawals on Optimism.
The project token economic incentive design is reasonable; it has just recently completed funding and has good cash flow.
In the future, with the explosion of Layer2, the demand for cross-chain/cross-layer transactions is expected to be very large, and Across Protocol is anticipated to have significant growth potential.
Yesterday, Binance just listed ACX, and its price increase was quite strong, rising 70.1% in one day and 152% over the week.
» Helium Mobile (￥MOBILE)
Market Cap: $1.013 billion
24-hour trading volume: $358 million
I wrote about this coin when discussing sectors before, and today it has risen by 36.8%.
In fact, aside from the price of $MOBILE, Helium is a leading DePIN project in the Solana ecosystem and is also one of Solana's core strategic focuses for 2024.
At the same time, DePIN may not only become the foundation for projects like Helium to achieve a successful transformation, but it will also be a key driver for public chains like Solana to achieve mass adoption.
