U.S. stocks fell, but the crypto market rose against the trend, demonstrating strong resilience.
Bitcoin price surged significantly on Wednesday, breaking the $97,000 mark, and Ethereum rose over 10%, reaching a new high in several months. Ethereum (ETH) increased by 10%, with an intraday high of $3,687.01, the highest since June.
Tokens ranked in the top 200 by market capitalization are broadly rising. Among them, Kadena (KDA) leads with a rise of 25.3%; followed by Uniswap (UNI) with a rise of 23.7%; PancakeSwap (CAKE) rose by 22%.
U.S. stocks are closed tonight, so Bitcoin should mainly fluctuate today, focusing on opportunities for altcoins to catch up.
Yesterday was a day with significant short liquidations, and bulls pulled back a game; market rotation provides opportunities for catch-up!
Capital rotation, is it the season for altcoins? Which tracks have strong wealth creation effects?
QCP Capital analysts point out that the market is shifting funds from Bitcoin to Ethereum and altcoins.
This phenomenon reminds people of the market in 20-21, when BTC first initiated a significant upward trend, while ETH fluctuated and rose slightly. Later, the roles reversed, and ETH surged significantly, leading to explosive upward trends across various tracks. Although history does not simply repeat itself, it has immense reference value.
Meme track
The BONK and WIF that were born at the end of 23 reached new highs again in early 24, and old meme projects like PEPE and SHIB also had good increases. Therefore, for the MEME track, we should focus on the new meme projects that have been launched on major exchanges like Binance, as historical experience shows they will continue to be speculated on. Market makers need to make money through market speculation—of course, old meme projects also have opportunities, but specific position allocation should be reasonable. Previously, I have emphasized the distinction between long-term and short-term trading! If the market continues to FOMO, new memes may continue to emerge on major exchanges, and I hope everyone can achieve their own returns!
AI track
2022 saw a bottom, with a significant upward trend starting in early 23, and until now, remember that wave in early 23? AI-related projects in the crypto market surged significantly, even the AI concept sector in A-shares showed good momentum. From late 23 to early 24, crypto projects related to AI, like FET, and even those slightly related to AI, such as WLD and ARKM, all had good increases. Recently, altcoins related to AI have been showing a strong trend, so everyone should pay close attention. The AI track can also combine with other sectors, such as AI + meme, AI + refining.
Blockchain public chain track
In every bull market, the public chain's increase has never been absent in each main upward market cycle. SOL, INJ, TIA, SUI, SEI, etc., especially new public chain projects that have recently landed on major exchanges like Binance, such as the previously launched SUI, have also been frequently rising recently. As for opportunities with older public chains, INJ, ADA, and other typical representatives still apply. So, as I always say, don’t chase high; if old mainstream projects are chased high, they will be stuck for four years, which is a painful lesson!
The market has new tracks and narratives that need more attention. How to find them at the first moment, I have mentioned in previous articles, and everyone can go back and review to refresh. Other tracks, such as infrastructure, if you have excess funds, you can select leading configurations. Choosing leaders generally won't be wrong.
Invest in these 3 long-term coins for 10-30x returns!
These long-term coins are all placed in a dedicated spot account, not looking at prices, only time, and I plan to hold for half a year. I believe returns will start at 10 times. If effective, it could be 20-30 times.
1.ZEN
ZEN has just successfully upgraded to a public chain, fully covering all popular tracks, becoming a new star in the industry.
Currently, ZEN's market cap is only about $200 million, nearly fully circulating, which is absolutely an undervalued treasure for a public chain covering multiple tracks.
In the past week, this project has increased by 40.6%, and this month's increase is as high as 72.2%. ZEN really has 10x potential, must hold on, I currently hold over $300,000, and 10x would be $3 million.
2.SSV
SSV's increase ranks second, the Ethereum ecosystem is entering a new windfall, and SSV will undoubtedly become one of the most promising targets, attracting a large influx of funds. Just hope you can hold on.
As an important member of the Ethereum ecosystem, SSV is one of the leaders in the staking track. Its market cap is only about $160 million, and it is almost fully circulated, showing strong undervaluation signals.
3.LPT
LPT hasn't really surged yet; it can still be a key position.
LPT has achieved certain successes in the video field, and now it is transitioning into the AI track. Although the market response during the initial transition has been relatively flat, LPT's recent surge is strong, and after a long period of consolidation, it is currently in the bottom area.
With the advent of the AI trend, LPT is expected to experience explosive growth potential. Moreover, as part of the Grayscale series assets, LPT is still severely undervalued. Year-to-date growth of 104%.
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