Negative news has finally emerged, and with that, the current decline should come to an end. The $6.5 billion worth of Bitcoin seized from the Silk Road can now be sold on the market. The biggest fear is a continuous decline without reason. The U.S. stock market is closed today in honor of former President Carter.
Last night, it fell for an entire day, and by 1 AM, it began to accelerate downward, with Ethereum dropping from $3300 to $3200, then recovering all within an hour, forming a temporary bottom. Yesterday, Ethereum dropped about 10 points, while altcoins overall fell by 25 points, effectively reversing a week of gains. Retail investors have been making small profits only to give them back, seeing hope only to face significant drops. Whales have been cultivating the habit of retail investors to sell on highs.
Every dip in a bull market is an opportunity; the preferred candidates for increasing positions are the leaders in each sector, as they tend to rebound the fastest. The hot sectors now include AI, DEFI, and MEME, but the secondary market trend needs to stabilize first. The primary market still has good projects emerging daily, and more time should be spent observing recently.
Positioning for altcoins that could rise 100 times in the future bull market!
1.ACT
Artificial intelligence predictions leverage the growing interest in AI and its integration with blockchain technology. $ACT is positioned both as a meme coin and as an AI-driven project, attracting significant attention due to its emergence in the AI field.
Initially, it was issued as a pump coin, which inherently carries risks, but its market performance has shown promise. Although its market cap has dropped from $546 million to $240 million, this decline is attributed to market volatility rather than inflation or excessive supply injection.
The price and market cap of the token remain closely linked, which is an important factor for its potential future growth. $ACT is currently priced at $0.31, having reached an all-time high of $0.94. Although it has fallen 66% from its peak, it is still seen as a token with room for growth.
Although it has yet to be listed on Coinbase, it has been listed on Binance, providing significant exposure. With 44,000 fans, community engagement continues to drive its momentum, making it a token worth watching for future opportunities.
2.SONIC
Sonic SVM is a groundbreaking aggregation network on Solana designed to address potential congestion in on-chain game development. It achieves this through its proprietary HyperGrid system, which creates dedicated game aggregations to ensure a smoother and more efficient gaming experience.
The SONIC token has performed well recently, with its price rising 14.62% in just one day and an impressive 50.39% increase over the past week. Additionally, trading volume surged by 1046.96%, currently reaching $1.76 billion, further confirming this growth momentum. Market sentiment is bullish, reflecting increased trading activity and growing confidence in the token's future potential.
In addition to its strong price performance, SONIC has also gained significant attention in the futures market. Binance Futures recently launched the SONICUSDT perpetual contract, offering leverage of up to 75 times. These contracts settle in USDT every four hours, with a financing rate cap of ±2.00%. This release aligns with the ongoing transition of the Fantom (FTM) token to the Sonic (S) token, providing traders with a new way to engage with Sonic SVM.
Cryptocurrency exchanges like Upbit and KuCoin have also joined the ranks by listing Sonic SVM (SONIC) on their platforms. Users can now deposit SONIC tokens through the Solana (SOL-SPL) network, enhancing the token's accessibility and liquidity.
Sonic SVM, with its innovative technology, strong market performance, and increasing support from major exchanges, is expected to achieve significant growth. Current analysis suggests that the SONIC token may soon exceed $1.52, an increase of 68.48% from its current price of $0.9022.
3.PEPE
Pepe, inspired by the famous and controversial character Pepe the Frog, occupies a unique position in the meme coin market. This association with a well-known internet icon sets it apart from other cryptocurrencies and attracts a niche audience within the crypto community.
The token is listed on major exchanges and supported by the community and large investors, thus increasing its visibility. Recently, its price fluctuated between $0.00001791 and $0.0000207, currently valued at $0.00001845, having dropped 10% in the past 24 hours.
Despite this, Pepe's trading price is still 32.54% higher than its 200-day simple moving average (SMA) of $0.00001398. This indicates a strong position relative to that benchmark. Furthermore, the token has high liquidity, making it easier for traders to buy or sell without significantly impacting its price.
The 14-day Relative Strength Index (RSI) is 48.13. This neutral rating indicates that the token may continue to consolidate in the short term without strong upward or downward pressure.
Additionally, price predictions estimate a potential increase of 231.89%, with the token's value possibly reaching $0.00006094 by February 2025. While these projections highlight optimism, the cryptocurrency market is known for its volatility.
