About this round of bull market:
① The Bitcoin ETF caused the market to start earlier than in the previous rounds. In the last round, the altcoins were still lying at the bottom and did not start to explode until July and August. Now is the normal correction after the Bitcoin halving, and the altcoin season may also start in July.
② The entire financial market is not so lacking in liquidity. The U.S. stock market has been rising quite well. The cryptocurrency circle is not doing well and lacks major innovations to attract new funds. If the Bitcoin ETF had not been approved, the situation might be even worse now. Where there is innovation, the wealth effect is good, such as the Bitcoin ecosystem.
③ The Bitcoin ETF has created a Bitcoin ecosystem and is a brand new beginning, but the Ethereum ETF is more of a cover for the launch of tokens by the top-tier air projects that raised a lot of money in the last round, as well as for some old wallets to sort out their shipments. The Ethereum ETF will have a certain increase by bringing in some new funds, but we should be cautiously optimistic.
④ Even if Q4 begins to enter a rate cut cycle, the scale of new money injection will be much lower than the previous round, but the speed of new project coin issuance and the online market value will far exceed the previous round. Don’t expect a general bull market in the copycat market. The overall expectations are lowered. These large-cap projects in the secondary market are of no significance to the leeks except for shipping and sucking blood.
⑤ The overall expectations for the market have been lowered, but looking for opportunities in innovative and active segments will still bring good returns in the end. The big pie ecosystem will still have the greatest wealth-creating effect, because the opponents are all leeks like you, and it is relatively easier to bargain with those institutional players. Focus on small and medium-sized market value projects that are actively built, have strong fundamentals, reasonable token models, and active communities.
⑥ The previous bull market was too fast, and many copycats did not have time to do anything. If it continues to be so fast, the bull market may end early. The current pullback brings several advantages: the bull market can last longer, copycats have enough time to prepare, and good projects can get on board in a good position again. The more severe the wash, the stronger the rebound will be.
Potential altcoins worth paying attention to now
ZK
zkSync is an innovative protocol that was launched less than two weeks ago. The project is designed as a unique layer 2 solution to address inefficiencies in the Ethereum blockchain. It improves Ethereum’s efficiency by reducing transaction fees and speeding up processing times.
Furthermore, zkSync’s developers made sure to differentiate the project from similar Ethereum Layer 2 solutions. Existing Ethereum solutions offer fast and affordable transaction speeds, but they come at the expense of security, the lead developer announced on the official Twitter account. To maintain strong security, zkSync leverages the powerful ZK Rollups technology. Meanwhile, the project recently gained attention for launching its ZK token and outlining a detailed token economics plan. Of the 21 billion ZK tokens, 17.5% have been reserved for airdrops to network users. This strategic allocation is intended to foster community engagement and market awareness.
TON
TON has become an accepted payment medium on the Telegram platform, and influencers can now be rewarded with TON for building successful channels on Telegram. This growing utility of the cryptocurrency, coupled with its growing popularity, has made it one of the best-performing cryptocurrencies during the bull market. Toncoin’s price has experienced a significant surge since March, breaking out of a consolidation phase around $2.00. Although the recent flash crash in the cryptocurrency market caused TON to retrace towards the $5.2 support, bulls have used this support to push the price back into a bullish pennant.
As TON is trading comfortably above the 50-day and 200-day moving averages, this highlights the potential for further upside for the coin. Moreover, the Relative Strength Index (RSI) is trending upwards and has broken above the 50 mid-line level and is approaching the 75 overbought zone. The indicator suggests that buying pressure is increasing. If the bullish momentum continues, the RSI could surge further into the overbought zone, indicating a massive influx of buying activity. The uptrend of the RSI and the golden cross at the $6.13 support level reinforce the bullish sentiment. The RSI encourages optimistic investors to enter the market and buy the token, which could lead to further price increases.
STRK
Starknet's technology meets the growing demand for scalability and privacy in blockchain applications. The token reduces Ethereum's network congestion, thereby ensuring faster, more efficient, and more secure transactions. This feature amplifies its value. As the token's adoption and technological advancements continue, its value is expected to grow.
The prospects of Starknet will likely depend on its adoption and acceptance within the blockchain ecosystem. As the token expands its utility and widespread acceptance in the coming months, the potential rewards could be enormous.
StarkNet’s token price has experienced significant volatility over the past month, ranging from highs of $1.50 to lows of $0.70. The recent price surge can be attributed to the announcement of a strategic partnership with a major technology company, which sparked investor optimism about the project’s prospects. This bullish momentum was short-lived, however, as profit-taking and market correction pushed prices lower. Despite the setback, Starnet's long-term fundamentals remain strong, driven by its growing user base and continued platform development.
DOT
Polkadot is an open-source, sharded, multi-chain protocol that enhances blockchain interoperability. It allows the transfer of any data or asset type across chains, facilitating a decentralized internet of blockchains (known as Web3). Polkadot's unique layer-0 meta-protocol underpins a network of layer-1 blockchains (known as parachains). The protocol supports decentralized applications, institutions, and services, connecting a variety of public and private chains through its relay chain.
Polkadot excels in scalability and flexibility by processing transactions in parallel on multiple chains. Custom blockchains can be easily developed and connected using the Substrate framework. Polkadot's unique upgradability allows automatic updates without forking.
Polkadot uses a Nominated Proof of Stake (NPoS) mechanism involving validators and nominators to secure its network. Validators stake on the relay chain and confirm transactions from parachains, ensuring safe interactions under unified rules. Nominators use their tokens to support validators, maximizing security by making malicious behavior costly.
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