A new week has begun. Let’s review what happened in the crypto world in the past two days.
• GCRClassic account has been hacked. GCR hacker said, I am bullish on $ORDI.
• The U.S. Treasury’s repurchase program for the May-July quarter is scheduled to begin on May 29, with $2 billion in repurchases per week.
• $BB – Bouncebit announces partnership with Ethena. More details to come this week.
• $ENA – Ethena will launch 4 new DeFi integrations next week and announce a new CEX integration for USDe.
• $ETHFI - Etherfi announced the "Staking Frens" campaign, offering mystery tokens to users who stake ETH from May 27th to May 31st.
• $FRIEND – According to Racer (founder), Friendtech is considering moving away from the Base chain.
• $LAI – LayerAI announced that Phase 2 of its 1000X campaign will begin this week and will feature NVIDIA GPU rewards and new mass retail products.
• $LINK – Chainlink and Swift to discuss tokenization on May 30. Chainlink is rumored to be making a big announcement.
• $UNI - The Uniswap Foundation plans to conduct an on-chain vote to enable the fee sharing mechanism starting May 31st.
• $SEI - Sei V2 will be launched on May 27th. This upgrade will transform Sei into a high-performance parallel EVM
• $DYDX - $70 million worth of DYDX will be unlocked on June 1st. This represents 12% of its circulating supply.
• Donald Trump said: "I have a very positive and open attitude towards cryptocurrency companies and everything related to this emerging industry." Related Meme Tokens $TRUMP, $MAGA
Unknowingly, the new generation Meme leader PEPE continues to break new highs, and its market value ranking has successfully squeezed into the top 20.
I don’t know how many people have been washed out. For the current operations in the crypto circle, it is better to stay still than to move. After making a good layout, just wait patiently.
The bull market is still there, and short-term pullbacks are opportunities to add positions. In the absence of accelerated Fomo, there is no need to consider escaping the top for a long time.
Regarding the stocks that can be hyped in the short term, I divide them into three categories:
New coins, led by Binance, basically follow the overall market. The more severe the clean-up in the short term, the stronger the subsequent pull-up will be.
Playing in the new currency sector requires speed, accuracy, and ruthlessness. You must act quickly when you see the opportunity, and be decisive whether you make a profit or a loss. Don't have any emotions, otherwise you will easily be trapped for a long time.
With the approval of the Ethereum ETF, some leading representatives of the ecosystem have also begun to move. Here are some representative projects that are suitable for bargain hunting.
Meme section: PEPE, PEOPLE
DeFi sector: UNI, PENDLE
Pledge sector: LDO, ETHFI
Stablecoin sector: MKR, ENA
L2 sector: ARB, STRK
Infrastructure: LINK, FIL
In addition to the Ethereum system, the development of the SOL ecosystem should not be underestimated. It continues to blossom in various fields, achieve mutual success, and ultimately feed back to the SOL price.
Meme section: WIF, BOME
DeFi sector: JUP, RAY
Pledge section: JTO
Infrastructure: PYTH, W
Finally, if you want to safely navigate through bull and bear markets, keep the following points in mind.
1. In the second half of the bull market, be cautious when participating in new Meme projects, because the risks of local dogs in the second half are much greater than those in the first half. The project parties will move faster, and their goal is to make money quickly. If you run slowly due to consensus, you may never get out of the predicament.
2. Focus on spot trading and continue to not play with contract leverage. Don’t touch either Bitcoin or altcoins. The crazier the bull market, the greater the volatility will be, and the greater the probability of a margin call will be.
3. Withdraw a little before the price target line of the currency in your hand. Don’t be too greedy. You should withdraw 3 to 5 times the principal.
4. Stand against the market’s sentiment and content orientation, and always keep a clear head.
5. Whether it is value coin or Meme coin, there will be opportunities for explosion in the second half. Chips are still the core of your money-making. Don’t touch uncertain opportunities and don’t operate in uncertain market conditions. The bull market results are not the guide.
6. In a bull market, profits should be cashed out in a timely and gradual manner. Do not withdraw funds blindly. Do not think it is too complicated. Do not withdraw funds all at once. Find more paths and methods.
Remember, if you view your position as a long-term investment, a market drop should be viewed as a gift. It provides an opportunity to buy more tokens.
Finally, it is crucial to have a strategy before making any purchases, and never invest all of your money.
I hope this topic is helpful to you. 🙏Thank you for your likes and support👍
