Currently, the trend of the cryptocurrency market is similar to that of last year. After a round of panic decline, the market may usher in a rapid recovery.

Just like the market during the Dragon Boat Festival last year, the market has experienced a panic drop. It is worth noting whether it will bottom out and rebound next. If a rebound occurs, the speed may be very fast, expected to be within ten days to half a month. Therefore, we can focus on observing which altcoins will have outstanding performance.

Although the market is full of uncertainty, it also contains many opportunities. Many altcoins experienced a sharp decline in April and May. The currencies that are still rising in the market are mostly a small number of strong or hot currencies. Therefore, it is particularly important to screen currencies and keep up with market hotspots. Many opportunities are encountered in the process of going all out, and the same is true for money-making opportunities in the cryptocurrency market.

4 cryptocurrencies that could soar 100x in the bull market!

1.TON

TON (Telegram Open Network) was originally developed by Telegram founder Nikolai Durov and his team, and is now supported and maintained by a global community of independent contributors. The origins of TON can be traced back to 2017, when the Telegram team began exploring blockchain solutions.

Since February, the activity of the TON network has gradually increased. As of now, the number of daily active addresses of TON has exceeded that of Ethereum. The total locked value (TVL) of the TON ecosystem has exceeded 460 million US dollars, setting a record high. Today, the price of TON tokens has once again exceeded 8 US dollars, setting a record high of 7.943 US dollars. At present, the latest transaction price of TON is about 8.08 US dollars, which has increased by about 10% in the past 24 hours. The current market value of TON is 19.078 billion US dollars, ranking 9th in the cryptocurrency ranking and 6th in the popularity ranking.

2. TREES 

Since Bome was listed on Binance, it has experienced two significant corrections: one to around $0.007 and one to $0.009. Currently, Bome price is oscillating around $0.01. This series of price changes shows a gradually higher bottom for Bome, which is a positive sign.

It is worth noting that Bome will be listed on Coinbase contract trading on the 20th, which is undoubtedly good news. The increase in contract trading will bring more liquidity and trading volume to Bome, which may further drive its price up.

Bome was listed on Binance in just three days, which is faster than Pepe's 20 days, showing the financial and resource strength behind it. It cannot be ignored that the meme sector is currently receiving strong attention. As a project in the hot sector, Bome is likely to become the next focus of the market.

3.PEOPLE

Although the creation of the PEOPLE token originated from a plan to bid for a copy of the U.S. Constitution, the failure of this plan did not affect its position in the market. Currently, the trading price of the PEOPLE token is stable and continues to attract investors' attention. With the popularization of the concept of decentralized autonomous organizations (DAOs) and the increase in community-driven projects, the value of the PEOPLE token is expected to increase further.

Although it has fallen recently due to market influence, the overall decline is not large and is still within controllable range. Although the current market sentiment is not positive, the liquidation of PEOPLE tokens is estimated to be nearing the end, and there may be a small rebound in the short term. Unlike other meme coins, PEOPLE has no reserve price, and its trend is closely related to ETH. Due to its small market value, it is relatively easy to pull the market. In the recent fluctuations, PEOPLE tokens can easily achieve a rise of more than 10%. As part of the US election sector, the hype of PEOPLE tokens may continue until the end of the US election in November. Its current market value is US$400 million, which is quite good for the price.

4.IO

IO Coin, full name IO Coin, is a native token based on the Solana blockchain and is affiliated with the decentralized AI computing and cloud platform - io.net. io.net is committed to providing a decentralized GPU allocation infrastructure to meet the needs of efficient computing resources in the fields of AI and machine learning. IO Coin serves as an incentive layer in the io.net ecosystem, used to settle transactions in the network and encourage users to participate in network construction and maintenance.

The future outlook for io.net is quite positive. As the fields of AI and machine learning continue to advance, the demand for efficient computing resources is growing. Through decentralized networks and economic incentives, io.net is expected to become an important platform to address this demand. In addition, io.net has established partnerships with blockchain projects such as Solana, which will help its expansion and development in the market.

This week and today's highlights

BTC (Bitcoin)

This week, we need to pay attention to the possibility that BTC may break through 66,000 points, and rebound quickly after reaching around 65,500. The current four-hour level consolidation resistance is in the range of 67,000-67,200, which is also the previous support level.

If it can hold this position, we can expect BTC to rise to the 69,600-70,000 range, which is the previous W-shaped resistance level. The intraday support point is in the 65,600-66,000 range, and the key position is 66,000 points. If it breaks through 66,000 points in the day, but rebounds quickly and the four-hour closing line is not below 66,000, it is still a good pattern.

ETH (Ethereum)

ETH's strong rebound in the past two days started from the support level of 3360-3400, and has now rebounded to the previous resistance level of 3660. If it encounters resistance during the day, you can pay attention to the support defense of the 3560-3520 range.

The four-hour chart shows that ETH is forming a double top, which is the high point of the W shape. There is no need to panic when the intraday retracement occurs, which is a normal trend. If the market rebounds at the support level and gradually breaks through the 3700-3720 range and stabilizes, ETH will rebound strongly again, and the resistance level will focus on the 3860-3960 range.

If you don't know how to screen strong coins, I suggest you follow me. Whether it is spot or contract, a little shot may be your limit. The opportunity is short, so you must seize it! Success does not depend on luck, choice is greater than effort, and the circle determines destiny. In the currency circle, in addition to having a keen eye for judging the situation, you must also keep up with a good team and a good leader. If you follow me, you are already halfway to success in the currency circle!

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