In recent days, the Weibo entry [Bitcoin plunges, 290,000 people liquidated] has once again topped the hot search list. Today's crypto market has also undergone earth-shaking changes! In the past 24 hours, the number of people liquidated on the entire network reached 290,000, and the amount of liquidation reached an astonishing $960 million! BTC also fell below $60,000 in the early morning, and Ethereum fell below $3,000. For a time, mainstream coins and altcoins plummeted!

The financial market is like this. It is not about who is more experienced or skilled. The key is to survive longer. You must always have awe for the market. A fall is an opportunity. Many times, a copycat can rise 10-20 times because of panic trading. The chips are cleaned up and the pull-up is smooth. As for bottom-fishing, I still hold the same view as before. The underlying public chain is the first choice. In the public chain sector, the larger the supply of token chips, the better. Let's follow the editor to briefly understand several cryptocurrencies suitable for bottom-fishing in this callback!

1. BNB

Binance Coin is a token issued by Binance, referred to as BNB, which is a decentralized blockchain digital asset based on Ethereum. The total issuance is constant at 200 million. BNB will be destroyed every quarter according to the transaction volume of the Binance platform in that quarter. The destruction record will be announced as soon as possible, and users can query it through the blockchain browser to ensure openness and transparency until the total amount of BNB coins is destroyed to 100 million.

As of the time of writing, the latest transaction price of BNB is $559, which has fallen by 5.56% in 24 hours. BNB ranks among the top five cryptocurrencies and currently ranks third. It is supported by blockchain enthusiasts in more than 180 countries and regions around the world. The rise of BNB is mainly related to three things: digital currency issuance platform, public chain and decentralized exchange.

2. SOL

SOL is the native token of the Solana blockchain. Solana uses a delegated proof-of-stake consensus algorithm to incentivize token holders to validate transactions. As part of Solana's security design, all fees are paid in SOL and burned, reducing the total supply. This deflationary SOL mechanism incentivizes more token holders to stake, thereby improving network security.

SOL market capitalization continues to lead the market. Its market capitalization ranks fourth among all tokens, second only to BTC, ETH, and BNB. After reaching a peak of $77 billion in the previous cycle, SOL market capitalization continues to reach historical highs. As of the first quarter of 24, the market capitalization was $86.4 billion, a month-on-month increase of 97%. As of the time of writing, the latest transaction price of SOL was $142, and it has pulled back by about 7% in 24 hours. Overall Growth of the Solana Ecosystem Solana is currently experiencing explosive growth, and its lightning-fast transaction speed and scalability are attracting more and more developers and users.

3. DOGE

DogeCoin was originally created as a lighthearted version of Bitcoin, with the popular "Doge" MEME (a picture of a dog named Shiba Inu with inner monologue-style text) as its logo. Its founders did not expect that this joke-based currency would be "favored" by Musk and eventually become the largest MEME coin in terms of market value today.

Even if you are not a member of the crypto industry, you must have heard of Dogecoin from some media. The Dogecoin that Musk claimed to be a payment method for Tesla is also the starting point of the meme token craze. As of the time of writing, the latest transaction price of DOGE is $0.154, which has been adjusted back by about 11 in 24 hours. Through meme coins, people form communities around common jokes, cultural moments or sociopolitical sentiments, enabling them to participate in a form of digital expression that transcends traditional financial mechanisms. Meme coins have become a symbol of a common identity or cause, and their value comes not only from market dynamics, but also from the popularity of the values ​​reflected by the meme coins.

IV. ORDI

The smallest unit of Bitcoin is satoshi (sat). One Bitcoin can be divided into 100 million satoshis. Each satoshi is sorted by ordinal theory and has a corresponding ordinal number, which is a unique number. Bitcoin inscription refers to the use of the Ordinals protocol to write content into satoshi for engraving. The information written can be text, pictures, videos, audio, etc.

The Ordinals protocol, which introduced the concept of data on Bitcoin, was launched in January 2023. However, it was not until the end of 2023 that people really began to experiment with data and Bitcoin NFTs began to take off. As of the time of writing, the latest transaction price of ORDI is $46.28, which is a drop of about 26% in 24 hours. Inscription tokens first appeared in the Bitcoin ecosystem and are created by attaching data to a single satoshi on the Bitcoin blockchain. They are natively related to Bitcoin and emphasize the characteristics of fair distribution and decentralization.

5. TIA

Celestia is a modular blockchain that only orders and publishes transactions, not executes them. By decoupling the consensus and application execution layers, Celestia modularizes the blockchain technology stack and opens up new possibilities for decentralized application developers.

After experiencing a sharp rise at the end of the fourth quarter of 2023, Celestia (arguably the market leader in modular blockchain infrastructure) has been fluctuating and adjusting. As of the time of writing, TIA’s latest transaction price is US$10.81, and the increase rate in 24 hours has reached about 10%. After a continuous decline, as a leading modular narrative project, it is a good bargain!

summary

In general, there will be a rebound after every crash in the crypto market, but it will be very slow to recover in a new bull market, and the time left for you to buy at the bottom is very limited, so it will not be too late for you to observe for a few days before entering!