The bearish news has finally come out, and with the bearish sentiment settling, the current decline should come to a halt. The $6.5 billion worth of Bitcoin seized along the Silk Road can now be sold on the market. The biggest fear is a continuous decline without reason. The U.S. stock market is closed today in honor of former President Carter.
Last night, it dropped for a full day, accelerating its decline until 1 a.m., with Ethereum falling from $3300 to $3200, then recovering within an hour to form a temporary bottom. Yesterday, Ethereum dropped about 10 points, and altcoins overall fell 25 points, essentially erasing a week's worth of gains. Retail investors have been making small profits only to lose them again, seeing hope only to face a major drop, as the market makers continue to cultivate a habit of selling high among retail investors.
Every dip in a bull market is an opportunity, and the best picks for increasing positions are the leaders in various sectors. The rebound is also the fastest for popular sectors like AI, DEFI, and MEME. However, the secondary market trend needs to stabilize, while the primary market still has good projects emerging daily, so it’s worth spending more time observing recently.
Positioning for a future bull market with a 100x increase in altcoins!
1.ACT
Artificial intelligence predictions, leveraging the growing interest in AI and its integration with blockchain technology. $ACT is positioned both as a meme coin and as an AI-driven project, gaining significant attention due to its emergence in the AI field.
Initially, it was issued as a pump coin, inherently risky, but its market performance has shown promise. Although its market capitalization fell from $546 million to $240 million, this decline is attributed to market volatility rather than inflation or excessive supply injection.
The token's price and market cap remain closely related, which is an important factor for its potential future growth. The current price of $ACT is $0.31, having previously reached an all-time high of $0.94. Although it has dropped 66% from its peak, it is still regarded as a token with growth potential.
Although it is not yet listed on Coinbase, it has been listed on Binance, providing it with significant exposure. With 44,000 fans, community engagement continues to drive its growth momentum, making it a token worth attention in search of future opportunities.
2.SONIC
Sonic SVM is a groundbreaking aggregation network on Solana, aimed at addressing potential congestion issues in on-chain game development. It achieves this through its proprietary HyperGrid system, which creates dedicated game aggregations to ensure a smoother and more efficient gaming experience.
The SONIC token has performed well recently, with its price increasing by 14.62% in just one day and an astonishing 50.39% over the past week. Additionally, trading volume surged by 1046.96%, now reaching $1.76 billion, further confirming this growth momentum. Market sentiment is bullish, reflecting increased trading activity and growing confidence in the token's future potential.
In addition to its strong price performance, SONIC has also gained significant attention in the futures market. Binance Futures recently launched the SONICUSDT perpetual contract, offering up to 75x leverage. These contracts settle every four hours in USDT, with a financing rate cap of ±2.00%. This launch aligns with the ongoing transition from the Fantom (FTM) token to the Sonic (S) token, providing traders with a new avenue to participate in Sonic SVM.
Cryptocurrency exchanges like Upbit and KuCoin have also joined the ranks by listing Sonic SVM (SONIC) on their platforms. Users can now deposit SONIC tokens via the Solana (SOL-SPL) network, enhancing the token's accessibility and liquidity.
Sonic SVM is expected to achieve significant growth due to its innovative technology, strong market performance, and increasing support from major exchanges. Current analysis indicates that the SONIC token may soon exceed $1.52, a 68.48% increase from the current price of $0.9022.
3.PEPE
Pepe takes inspiration from the famous and controversial character Pepe the Frog, occupying a unique position in the meme coin market. This connection to a well-known internet icon differentiates it from other cryptocurrencies, attracting a niche audience within the crypto community.
The token has been listed on major exchanges and has gained support from the community and large investors, thus increasing its visibility. Recently, its price has fluctuated between $0.00001791 and $0.0000207, currently valued at $0.00001845, down 10% in the past 24 hours.
Nevertheless, Pepe's trading price remains 32.54% higher than its 200-day Simple Moving Average (SMA) of $0.00001398. This indicates a strong position relative to this benchmark. Additionally, the token has high liquidity, making it easier for traders to buy or sell without significantly impacting its price.
The 14-day Relative Strength Index (RSI) (momentum indicator) is 48.13. This neutral rating indicates that the token may continue to consolidate in the short term without strong upward or downward pressure.
Additionally, price predictions estimate a potential increase of 231.89%, with the token's value possibly reaching $0.00006094 by February 2025. While these predictions highlight optimism, the cryptocurrency market is known for its volatility.
