BTC hit a small resistance level of $72,000 yesterday, and the first-line pin stepped back to the support of $68,000, and then continued to rise slowly above $70,000. Ethereum briefly broke through $3,678 and then continued to consolidate above $3,500.
The price of Bitcoin at the time of writing is $70,408.
ETF funds continue to flow in, and the U.S. Bitcoin spot ETF saw a net inflow of approximately US$418 million yesterday. Among them, BlackRock IBIT had a net inflow of US$162 million, Fidelity FBTC had a net inflow of US$279.1 million, and Grayscale GBTC had a net outflow of US$212.3 million.
Judging from the current market, the long and short forces are relatively balanced, and there is a high probability that the fluctuations will continue in the future. However, it is still the background growth rate in the early stages of the bull market. The callbacks and shocks are actually accumulating strength for a better rise. If we If we can effectively analyze and judge the market trend, then we will not be anxious about the short-term rise and fall of the market.
The AI sector experienced an explosion yesterday. The AI sector is one of the main hot spots in 2024, and the potential of this sector cannot be ignored. In a bull market, each sector will rotate. Don't be impatient. Each sector will eventually have opportunities.
Back to today's market trend, Bitcoin began to fluctuate around $70,000. This fluctuation may cause funds to flow to altcoins. It is expected that this fluctuation may continue for a while, so during this period, you can focus on ambush altcoins, but it is only suitable for small funds. Large funds will still choose mainstream coins with strong consensus. In general, the bull market is still continuing. There may be local fluctuations in the short term, and then altcoins may usher in a wave of outbreaks. If Bitcoin falls again to around $65,000 or even lower, you can buy it boldly.
LOVE
Celestia (TIA), a modular network focused on providing blockchain creation solutions, reached an all-time high (ATH) of $20.77 on February 10. A sharp correction ensued, with the price hitting $13.8 on March 27. Despite being synonymous with blockchain modularity, TIA has not surged as quickly as the overall cryptocurrency market in 2024. Year-to-date this year, its growth rate is less than 1%. The TIA's EMA line has shown a bearish tone over the past few days, with the short-term line lower than the other lines and very close to the current price line.
The exponential moving average (EMA) is a key tool in technical analysis that is designed to smooth price data over a specific period of time by placing more weight on recent prices, making it more responsive to new information than a simple moving average (SMA).
A "death cross" occurs when the short-term moving average is below the long-term moving average, which is traditionally viewed as a bearish signal. As with TIA, the short-term EMA line has moved below the longer-term line and is closely aligned with current price; this setup may indicate a bearish outlook. If the downward trend continues, TIA price could fall back to $8.5, the price reached in December 2023.
NEAR
After a significant drop in daily transaction volume to 3.1 million on March 20, the NEAR protocol’s transaction volume showed signs of recovery, and after a significant plunge between March 12 and 20, the NEAR protocol’s transaction volume has steadily increased. NEAR price has seen very little movement during this period, essentially moving sideways as daily trading volume gradually declines. At this stage, NEAR price shifted from $5.96 to $6.44, indicating a mild upward trend amid volatile trading volumes. It is worth noting that after March 20, the number of transactions increased significantly. It hit 6.8 million on March 26, the highest since December 2023.
Recent trends (near-term price seems to be mirroring the trajectory of its volume) suggest that rising daily volume could signal the start of a new bullish phase. Given the close correlation between trading activity and price dynamics, rising volume could indeed signal a potential rebound in the near-term market.
Analyzing the last 4-hour price chart, the short-term EMA line has just crossed the longer-term moving average. This forms a pattern called a "golden cross," which is a bullish signal.
EMA lines, or exponential moving averages, are key trend indicators that give more priority to recent price data. They are used to simplify price movement and determine the direction of the trend within a given timeframe. This suggests that the current trend may be shifting from bearish to bullish, mirroring the expected price action in question.
For NEAR price, the $8.57 level is identified as a key resistance area. If NEAR manages to hold this resistance, it could pave the way towards the $9 threshold. This would mean a potential increase of around 25% from its current price. If support at $6.2 fails to hold, NEAR could enter a downtrend to $5.6. This could be a 22% drop from current prices.
PERSON
The artificial intelligence industry has maintained an impressive growth trajectory this year, and BitTensor is strategically positioned to capitalize on this growth. Notably, the coin has grown by more than 110% this year alone. The price started the year at $274 and astonishingly rose to an all-time high of $752.13 on March 7, representing an explosive growth of 174.5%.
However, after reaching this peak, the price of tao began to decline, stabilizing at around $580. Notably, on March 20, a technical shift occurred when TAO’s short-term exponential moving average (EMA) fell below the long-term average, causing the price to drop rapidly from $655 to approximately $580 in just two days.
Despite a brief recovery to $621, the price is back to the $580 mark, with the EMA lines continuing to indicate an imminent bearish trend for TAO. If this downward trend continues, TAO may encounter significant price support, with the potential to drop to $524 or even further to $415, testing a key threshold for its market valuation.
HNT
If TAO is leveraging the IA narrative, Helium is trying to do the same thing, but through DePin (a decentralized physical infrastructure network). The product has been hot since mid-2023, but even with all the hype, HNT's year-to-date price growth is still below 10%. The coin started the year at $6.96 and reached $10.03 on February 15. While this number is significant, HNT’s all-time high was $54.81, reached on November 12, 2021.
Despite all the hype surrounding DePIN and the overall growth of cryptocurrencies in 2024, the fact that HNT is still not close to its ATH certainly raises some red flags for investors as the coin may have run out of steam. On March 11, its short-term EMA line crossed below the long-term line, forming a death cross. HNT prices then began to plummet. There was a brief recovery on March 20, but the downward trend continues, with HNT price currently at $6.18. If the downtrend continues, it could reach $4.74 soon, and if that support is not strong enough, HNT could return to its December 2023 prices and test the $2.17 support.
5 10x coins worth investing in in the bull market!
ok
The best-performing cryptocurrency over the past week was Ondo. Ondo (ONDO) is an innovative decentralized finance (DeFi) protocol designed to provide users with access to institutional financial products and services through the tokenization of physical assets.
The project is relatively young; the token was launched in January this year at an introductory price of $0.087 per token. Since then, it has experienced an incredible growth of more than 1,000% and is currently priced at $0.95608. This is also the highest level the token has reached so far.
STX
Stacks (STX) is a blockchain initiative that expands the functionality of the Bitcoin blockchain by introducing smart contracts and decentralized applications (dApps). The project uses a unique consensus mechanism, Proof of Transfer (PoX), which leverages the security of Bitcoin without changing its fundamental characteristics.
Stacks is showing significant growth, growing 42.2% in just one week. The currency has experienced an impressive 720% growth since October last year and is currently priced at $3.381.
APT
Aptos has nearly doubled in price from a low of $9, as the altcoin can currently be seen changing hands at $18.6. Given that APT is less than 12.5% away from surpassing its all-time high of $20.40 from January 2023, this rally will only continue heading into the second quarter.
INJ
Injective Protocol is a decentralized exchange (DEX) platform that provides fast, secure, and fully decentralized trading on a variety of financial markets. By integrating blockchain technology, it enables users to trade cryptocurrencies, derivatives, and other financial instruments without intermediaries. INJ is currently priced at $38.22.
WLD
Worldcoin is a Crypto project created by OpenAI founder Sam Altman. Since many people in the world cannot verify their identities digitally, Worldcoin's vision is to build the world's largest and fair digital identity and currency system to help everyone enter the global financial system. The current price of WLD is $8.585.
CHZ
Chiliz is a blockchain product and service for mainstream consumers, aiming to enhance the fan participation experience in the sports entertainment industry and provide alternative payment solutions for traditional products. Chiliz provides blockchain-based solution tools for the sports and entertainment industry to help monetize fan participation. Chiliz is a fintech platform powered by that enables sports and esports fans to co-manage the clubs, competitions, leagues and events they support.
There will definitely be a good increase due to the football match in June! The VIP cost of this coin is 0.13 and will double in June!
T
Threshold is a way to keep your information and digital assets private when using a public blockchain. As Threshold, Keep’s infrastructure and NuCypher’s privacy tools will provide users with an integrated way to keep their digital assets private and secure.
T is Threshold Network’s utility token, which was created by merging NuCypher (NU) and Keep Network (KEEP) tokens. tBTC is the first significant application on Keep Network or NuCypher.
Recently, RWA track protocol tokens have generally risen, and the tokens of many projects have continued to hit record highs. There are many types of RWA track projects, most of which are DeFi-based. There are three main categories:
1. Fixed income projects based on off-chain assets such as U.S. bonds, stocks, real estate, and art;
2. Public credit projects based on open market issuance or trading
3. Trading market projects based on virtual assets such as carbon credits. In addition, there are also infrastructure projects such as vertical public chains
Pay attention to the altcoins that have opportunities before the Bitcoin halving in April 2024!
FLOKI: With a strong community and dedicated team, Floki has the potential to break $0.005.
BNB: Earn new cryptocurrency for free with programs like Launchpools, BNB can reach 3,729.00.
REEF: Reef Finance provides a user-friendly DeFi experience that integrates the advantages of multiple DeFi networks and has the potential to reach $0.122.
ARKM: Arkham Intelligence uses AI to process on-chain data. Its token ARKM is used for data transactions on IntelExchange, with a target price of 84.46.
SEI: Focusing on Layer-1 blockchain transactions, SEI optimizes every layer of the stack with a target price of 43.59.
ALT: Altlayer is an open and decentralized rollup protocol that ensures security and interoperability, with a target price of 39.78.
PIXEL: Explore the exciting Web3 game Pixel on the Ronin network, offering NFT minting and guild participation with the potential to reach 118.95.
AEVO: A decentralized derivatives exchange focused on options and perpetual contracts, Aevo has a price target of 245.89.
PORTAL: As a self-custodial Layer−2 wallet and exchange, Portal facilitates fast, secure, and private atomic swaps between Bitcoin and other digital assets, with a target price of 298.49.
CYBER: CyberConnect is a Web3 social network that enables developers to create social applications. Its token CYBER is used for governance and payments and has the potential to reach 3,714.67.
These potential prices are based on successful projects and market capitalization comparisons. Stay tuned and make strategic investment decisions to embrace this exciting time!
Summary: How to make money in the bull market?
Just buy the next sector leader that rebounds very well in sector rotation. If you want to double your money and find potential coins, you really need to understand all aspects of the white paper, projects, and participating institutions. If you want to make a steady profit, just take the next emerging sector leader, such as sui or apt. Fans have a position and ask me if they can secure it, then take it first.
What is taboo in the bull market spot is to be influenced by market sentiment and be too panicked. Do you always hope that your coins will double the next day? But is just doubling the goal of the bull market? Can you be satisfied?
Funding lies in accumulation. In bull market spot, just don’t invest in any weak currency that has no ecological chain. In the end, the rest is just a matter of whether the price rises more or less. Don't say that you missed out on a hundred times the coins because you were trapped. This kind of thinking is typical of losing bananas and picking up corns. The current bull market is turbulent and there are opportunities every day!
Recommend the next altcoin that has a tenfold increase!
Let me tell you something, starting from the 6th of next month, this year’s Hong Kong Web3 Carnival will be held:
During last year's Web3 Carnival, "Hong Kong concept coins" CFX, ACH, KEY, etc. shined brightly. If I remember correctly, CFX rose 20 times. If the "Hong Kong concept coins" are launched this year, which coin would you choose to ambush?
The answer is MASK
On March 18, 2024, Mask Network announced that it will soon launch a staking plan to give back to the community and MASK token holders. Specifically, by staking $MASK tokens, users can receive generous airdrops from the Mask Network ecological project.
MASK plug-in: In 2019, Mask Network launched the Mask plug-in, which supports encrypted messaging, payment, decentralized storage and other functions. As of now, the plugin has 40K+ users.
On-chain data
The following bullish signs exist for the MASK token:
1: Changes in whale holdings: whale holders of MASK increased by 5.64%, purchasing 582505.79 MASK tokens, worth 3023205.05;
2: DEX transactions: In the past 24 hours, buyers have dominated MASK token transactions on DEX;
3: Market Trends: MASK, which is part of the DWF Labs Portfolio, is up 22.9% in the past seven days, while MASK itself is up 24.34%. Investor confidence in MASK is likely higher than other DWF Labs Portfolio tokens.
From its establishment in 2017 to now, it is difficult to define Mask Network with a single label. They have built and invested in a large number of decentralized social applications and protocols, and are slowly developing and cultivating their own ecosystem.
Looking forward to the future of MASK.
