First, let's analyze the psychological state of retail investors in the current market:

The lack of Bitcoin and Ethereum market

For most retail investors, this wave of market is basically a missed opportunity. The general voice in the market is claiming that the bull market has arrived, and some even claim that it is already in the middle and late stages of the bull market. This voice has undoubtedly exacerbated the panic of retail investors. However, even in the panic, retail investors are reluctant to buy Bitcoin and Ethereum, because the prices of these mainstream coins are already too high, and the cost-effectiveness is no longer attractive, whether it is spot or contract trading, and the risks are huge. Therefore, most retail investors have turned their attention to altcoins, hoping that they can catch up.

The fate of retail investors who kept buying at the bottom as the market fell

After the decline on April 13, many analysts began to change their views, seeing the opportunity to buy at the bottom, and called for buying at the bottom. Although the market has continued to fall in recent days, some analysts still insist on the strategy of buying at the bottom. Indeed, the market tends to rebound after oversold, which provides a certain profit margin for bargain hunters. However, for long-term investors, they must be wary of risks. Because from the overall trend, the market is still in a downward trend. If it continues to fall after the rebound, the voice of buying at the bottom may sound again. As for where the market will fall, I personally think that only when most retail investors are buried by the market, the market will have a real rise.

Next, let’s focus on three cryptocurrencies that have great potential:

ok

ONDO is a shining star in the RWA category, and its performance almost challenges the downward trend of Bitcoin. The price of this popular token initially fell to $0.576, but then quickly rebounded to $1,040, achieving an amazing increase of 80.42% in just three days. ONDO has attracted much attention, not only attracting the attention of heavyweight institutions such as BlackRock and cb Investment, but also Wall Street traders in the RWA sector. Its founder is a senior executive of Goldman Sachs, which undoubtedly adds more credibility and endorsement to ONDO. In addition, ONDO has also become the focus of this year's Web3 Hong Kong Carnival. As the leading project in this sector, its future performance is worth looking forward to.

MSEK

Maker (MKR) is a smart contract platform built on the Ethereum blockchain that aims to address the volatility of the crypto market. The platform has a unique decentralized autonomous organization (DAO) structure that provides the stability needed by the market by stabilizing the Dai stablecoin. As a hedge currency, MKR provides a stable alternative to cryptocurrencies on the market. Maker has performed very well this year, and its price has risen by a staggering 300%. Even more impressive is that in just one week, MKR soared from $2,576.08 to a peak of $3,382.68, showing a strong growth momentum. It is predicted that by the end of the fourth quarter of 2024, the price of Maker is expected to reach $4,913, becoming a popular choice for investors to pursue.

Age

Decentralization is one of the representative terms in the cryptocurrency circle, and the decentralized nature of DEFI projects in the last bull market set off the entire market. To this day, decentralized exchanges remain an indispensable and important part of every round of market conditions. As an emerging project, Aevo has shown strong potential since its launch. After a few days of consolidation, the price of Aevo doubled from the bottom, which is enough to prove the confidence of the dealer in the project. Although the recent market adjustment has caused the price of Aevo to hit a new low, its market value is currently only 170 million, which is undervalued among the new projects launched on Binance this year. Therefore, Aevo has great potential and is suitable for long-term investors. Our goal is to push the market value of Aevo to $1 billion and expect its price to reach $100 per coin.

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