The season of altcoin explosion is coming. The decline of Bitcoin has been decoupled from other altcoins. Everything will turn around. The altcoin has bottomed out after falling for more than a month. It is time to rebound. Market makers also need to make money!

In 𝟓, some market makers will choose to start pulling the market after the mood stabilizes, but the altcoin will not rise generally. In terms of sector selection, meme is definitely the first choice, followed by some altcoin sectors with strong backgrounds and better operations: 𝙨𝙤𝙡chain 𝙖𝙞sector

When everyone panics, it is the time for us to enter the market. Any adjustment of more than 20% in the bull market is an opportunity to send money. Looking back at the position of the altcoin on April 14, there is basically no black swan. As long as Bitcoin stabilizes at present, the altcoin is likely to rebound by 20-30 points

4 cryptocurrencies that may soar in the bull market

ONDO

Ondo Finance (ONDO) is classified as a real world asset (RWA) and has performed extremely well in this bull market. Despite the recent market pullback, ONDO token remains strong and is gearing up for another parabolic rise.

With the hype surrounding the project, it could be the Solana or MATIC of the 2024 bull run. ONDO is in ambush at 0.75, waiting for the token to fall back to the $0.75 area.

If you are careful, you will notice that two new narratives are leading this bull run - Artificial Intelligence (AI) and Real World Assets (RWA). Therefore, investing in the top projects in these industries can easily bring insane profits in this bull run. Sometimes, you don’t need to understand the technology, just follow the trends and narratives to maximize the profits of investing in new crypto projects.

Technically, ONDO is in a strong uptrend and can easily get a 5x gain from here if Bitcoin rises above $75,000.

ATOM

Cosmos is a key Layer 0 that connects different blockchains into a meta-blockchain system. It is also a highly interconnected blockchain and uses the ATOM token as its native currency. Currently, Cosmos (ATOM) has a market cap of $3.4 billion and reached an all-time high of $44.70 in September 2021.

Compared to other top layer 1 and layer 2 blockchain projects, the project has room to grow.So, 🌹君.羊蕉玮:1138798731 Let’s quickly discuss the technical analysis that supports my ATOM thesis.

ATOM is currently in my buy zone and it has formed a double bottom bullish reversal pattern on the daily timeframe.

On the 4-hour timeframe, it has closed above the key resistance zone and could break through $32 in the next few days, tripling your investment. This will be good news for short-term traders. But if you believe in this project, you can add it to your long-term portfolio and potentially gain 10-20 times in this bull cycle.

MERL

According to CoinMarketCap, Merlin Chain, as a second-layer solution for Bitcoin, incorporates basic components such as ZK-Rollup network, decentralized oracle network, and fraud prevention into the Bitcoin chain.

Its main goal is to enhance the first-layer ecosystem of Bitcoin’s native assets, protocols, and applications, promote continuous innovation, and maximize the potential of assets on the second-layer network.

Merlin Chain, which was recently launched in 2024, is a new blockchain that I believe will challenge blockchains like Thorchain (RUNE) in this bull run. Fundamentally, we are still in the early stages considering the project has a market cap of $113 million.

So if this project reaches a market cap of $1-2 billion this cycle, you can turn $1,000 into over $20,000.

The MERL-USD pair has been bearish since its launch on Bybit and recently formed a double bottom pattern on the 4-hour timeframe and finally broke above the 20 EMA (yellow line), giving a bullish signal. So if this project bottoms out, you can easily get a 3-5x return by the end of May. However, I have added this cryptocurrency to my medium/long-term portfolio and may hold it for longer to maximize returns.

CAKE

Pancakeswap is one of the BNB on-chain tokens that performed very well during the 2021 bull run. It competes with UniSwap, offering lower gas fees for performing staking and decentralized operations, which Uniswap and Ethereum blockchain lack.

This feature prompted developers to build Binance Chain while using CAKE tokens as the native currency.But the project has been significantly affected by the 2022 bear market and is currently still in the accumulation zone.

Currently, CAKE has a market cap of $697.9 million and is trading at $2.72. Shocking. CAKE is currently down 93.95% while the BNB coin is trading above $560. You can connect the dots. It seems to me that CAKE will soon explode.

The CAKE-USD pair has formed a double bottom pattern in our order area, giving a bullish signal. So if your goal is to double or triple your investment in May, this project might be for you.

But I am not just looking at short-term profits with this project, I know it has a huge upside and can generate more than 25x returns. This means that you could potentially turn $5,000 into more than $125,000#BTC #ETH #cake #灰度GBTC资金流出趋势结束了吗？ #美国4月非农就业人口增加不及预期