Look for deals like a lion looks for prey.
Wait patiently for the perfect moment.
Then attack in a meticulous manner.
The best deals are the ones that are presented to you automatically.
The worst trades are the ones you chase and force.
Here’s why I think we’ve hit bottom
$BTC
- $BTC is oversold on RSI. The Fear & Greed Index also flipped from Greed to Fear within a day.
- The reason for the FUD is the Mt. Gox distribution. In my opinion, these are exaggerated. Creditors could have demanded cash or BTC in April.
- So they have sold most of their cash. Also, the allocations will be staggered. ETF inflows can easily offset this sell-off.
$ETH
- ETH/BTC shows a lot of strength during $BTC sell-off
- $ETH ETF flows are severely impacted. Even slightly higher flows could have a significant impact on price
- Many $ETH related catalysts such as Blast TGE, Eigenlayer, etc. Ethena is getting bigger and bigger
Cottage Market
- Altcoins had already suffered a massive sell-off before the Bitcoin ($BTC) crash. They have performed relatively well during the recent crash
- The period of hot coin craze is over now. We may see funds shift to more fundamentally sound Ethereum ($ETH) related investments
- Major altcoins to watch include: $SOL, $TON, $LDO, $PEPE
- Ecosystems of interest include: Blast, Base, Solana, Ton
- Airdrop project of interest: Hyperliqui
A good gauge of sentiment and strength is if coin launches are still bad, or if we get some "coin launches are good" charts again. Like we saw earlier this year when every coin launch was doing well. For this, monitor coins like $ZK and $ZRO.
Green has returned to the crypto market, and of course your account has recovered somewhat and is no longer as boring as it was before when it only decreased.
Technology coins are still quite sluggish, while memecoin has recovered the most, with PEPE FLOKI BONK rising by more than 10%. When memecoin brings more profits than technology and infrastructure, BOCAI seems to want to test investors' hearts.
BTC’s strong recovery has helped investors to hold out some hope for an upcoming trend reversal after two weeks of decline. BTC’s recovery may help most altcoins gain support after a period of bottoming out.
At this stage, do you plan to add more currency or cut this retracement and wait for a buyback?
$RSS3
RSS3 is an open information infrastructure that supports obtaining information from multiple sources such as social platforms, EVM public chains, name services, etc., and then organizes and synthesizes it to help simplify searching and aggregating data, which is suitable for developers. This model is very similar to graphprotocol.
Starting in Q3 2024, RSS3 will focus on enhancing nodes for more complex dapps. In short, the Mainnet Beyond version will include algorithms that provide data for the SocialFi project, the search engine will be modularized, and especially the “AI model.”
I am keeping a close eye on RSS3 as AI Token is gaining some momentum again. Still consolidating above support and the daily 200MA/EMA is there as well. It has not risen as much as other AI Tokens in the past few weeks and needs some momentum to continue to rise here.
$VANRY
The market cap of the Vanar chain is currently around $200 million. Considering the increase in circulating supply, a 20x increase would bring the price to around $3 and a market cap of $4-5 billion. This seems possible, as Vanar is a solid project that continues to improve and secure important partnerships, including with NVIDIA, which recently became the company with the highest market cap.
A 50x increase would bring the price to $7.25 and a market cap of $10 billion. This is not far-fetched, as a project ranked around 30th by market cap could easily reach $20 billion. Additionally, the Vanar community is one of the most active on Crypto Twitter.
The team is very capable and the project's story is fascinating, including Gaming, AI and RWA initiatives, as well as the recent launch of the mainnet. If you haven't invested yet, I strongly recommend that you research this project further. It will undoubtedly have a significant impact once the alt season begins.
$BabyDoge
BabyDoge is the leading community meme coin on the BNB chain. BabyDoge started out as a joke to help spread awareness for adopting animals. Elon Musk’s tweet was propelled into pop culture as a cute icon.
The main purpose of BabyDoge is to build a fun meme community to spread awareness of animal welfare and pet adoption. The BabyDoge AI Image Generator enables the BabyDoge community to create AI BabyDoge characters, AI memes, and AI images on demand without any design experience. In addition, users can also pay in babydoge to make their images into NFTs.
BabyDoge is the only meme to hold an official world record for helping save dogs — 81,000 pounds of dog food donated.
BabyDoge has its own Swap with its own AMM, Core Farm, Agriculture as a Service, Free Token Locker, Burn Portal, Cards, AI Image Generator, NFT, and more!
BabyDoge will be my next billion dollar memecoin and worth holding for the long term. I have just started my stake in BabyDoge and will add more as the price drops.
