Bitcoin (BTC) price may have seen a recent pullback as it trades within a tight range, with key on-chain data suggesting a breakout is imminent.
The digital currency ecosystem is seeing a new turn of events as the price of Bitcoin (BTC) fell 2.02% to $68,186.09 in 24 hours. However, the total market capitalization of the entire industry has risen 7.93% to $2.56 trillion. Despite this, more than 3 Bitcoin indicators suggest that a bullish price rebound may occur in the future. Bitcoin price key indicators According to on-chain data, Bitcoin trading volume surged 26.17% to $32,682,766,117 in the past 24 hours. These data show that in addition to the short-term market reaction, swing traders also showed buying interest.
Dogwifhat (WIF), a meme coin on the Solana blockchain, has gained 14.7% in the past 24 hours, showing renewed investor interest in it. The total market cap of meme coins is currently $68.2 billion, up 6% over the same period.
Since its launch, Dogwifhat has been steadily gaining momentum and has received strong support from the community, especially during the Q1 memecoin surge. It now ranks among the top 30 crypto assets by market cap, surpassing Filecoin (FIL). Entering the top 30 is a significant milestone for the Solana meme coin, especially after the bullish sentiment in Q1 2024.
Dogwifhat’s market cap is currently $3.4 billion, with a 50% surge in daily trading volume to $935 million. Despite this, bulls remain optimistic and have taken new positions following the recent market rally. The market’s turnaround was triggered by the approval of a spot Ethereum ETF and the excitement leading up to this event. In addition, the crypto asset has also benefited from support from U.S. lawmakers for crypto-related bills.
Still the same sentence, this period is a good time node, you can consider layout Observe wif, bome, floki, pepe, people... Don't worry, there is more....
Looking back at the recent market performance, the price of Meme coins has spiraled upward.
There is no doubt that the top narrative of this bull market is the Meme sector.
If you don't embrace Meme coins, you will miss this bull market.
As a legendary Meme coin listed on Binance within three days, BOME may perform a little slowly, but it will never miss this Meme feast. I always believe in the leader! BOME, go!
This round of bull market may be dominated by local dogs, but the rotation speed of hot tracks is very fast, which can easily trap people.
However, the local dog meme coin track may run through the entire bull market.
In the big cake ecosystem, the previous leader was ordi sats, but now BRC20 no longer has new expectations.
Therefore, Rune Protocol took over the baton. There are currently three local dogs that may become leaders: DOG, X and runescion.
From the perspective of market value, DOG is currently leading, so it is wise to choose one of these options that has the potential to become a leader. If one can become a leader, it may bring a super multiple of less than 50 times.
On the Ethereum chain, the leaders of the last bull market were doge and shib. This round may see the emergence of a new Ethereum ecological local dog king, the most likely of which are pepe, floki, TURBO or people.
Next is the sol chain, and the already out-of-circle bome and wif are currently considered leaders.
How to allocate funds during the callback period, you can choose a chain and configure it, following the general principles mentioned yesterday. Basically, no matter which chain you choose, the results will not be bad.
Bitcoin (BTC) hits 7.3W, setting a new all-time high?
Yesterday, Bitcoin hit $70,000 and then fell back to the current $68,000, while Ethereum also hit $3,977 and then fell back. The overall market sentiment is obviously optimistic, and local concepts have also been released. In addition to the Meme sector, Binance's new coins, led by "NOT", have also risen to varying degrees, indicating that the market has gradually entered a precursor of opportunities.
From a macro logic point of view, there are usually relatively certain trend opportunities before the general election. Although interest rate cuts may be repeated, the result is inevitable. Europe may start to cut interest rates around June, which is a positive factor for the global capital market because it will increase liquidity. Therefore, a bull market is inevitable.
At present, in addition to the meme sector, a series of Binance new coins headed by not have appeared in the market, which have been pulled up to varying degrees, which may be a precursor to the market gradually entering opportunities.
From a macro perspective, the trend before the election is usually relatively certain, although the interest rate cut may be repeated, but the result is inevitable.
Especially in Europe, the interest rate cut may start around June, which is a positive factor for the global capital market because it will increase liquidity.
Therefore, the trend of the bull market will not change.
However, in the short term, it is necessary to find some new good opportunities.
At present, the liquidity of funds in the market is not sufficient, so it is mainly rotation between sectors.
When funds flow into the meme sector, other sectors may need to wait for signals.
But once Ethereum starts to start, the altcoin market will be more optimistic.
Therefore, I think the altcoin season will not be far away.
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In fact, Pepe already held a lot of positions in March, and then continued to increase its holdings in April.
However, this part of the holdings failed to avoid the mid-April crash, causing the price to almost halve. It was not until the price rose above 0.0125 that the floating profit exceeded the previous maximum floating loss for the first time.
There are three main reasons for this:
1. The characteristics of Meme coins: Meme coins are nominally fully circulated and anti-VC (venture capital). Due to the infighting of the founding team and the previous sell-off, Pepe actually no longer has the support of the project party.
2. Election heat: Meme coins related to the recent election have performed well, such as Trump and Biden. Although these two coins are difficult to land on major trading platforms (such as Binance), they still perform well. Similarly, People can also catch up with the hot spots related to the Constitution.
3. Meme coins on the Ethereum chain: The performance of Meme coins on the Ethereum chain also boosted the rise of Pepe.
It is worth mentioning that the origin of Trump and Pepe can be traced back to the 2016 election, marked as KP92877.
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. Follow me and you will be halfway to success in the currency circle! Near q1un + Wei: BYLK688 You can receive the latest free articles in the currency circle every day. The articles are good and can be shared with everyone!
Pay attention to the market of Ethereum and the new echelon of MEME coins
With the official trading of Ethereum spot ETF still some time away, the market expectation will continue. During this period, the price of Ethereum is expected to rise amid fluctuations, and drive Ethereum altcoins to rise in turn.
Investment strategy and precautions Although the overall trend is upward, investors still need to remain cautious. Once the Ethereum ETF starts trading, the market may experience a large correction. Therefore, at this stage, it is particularly important to carefully layout and diversify investments.
Recommended Ethereum and MEME coins Among Ethereum coins, the following coins still have room for growth: SSV ENS LDO ETHFI OP
In the MEME coin track, old MEME coins such as PEPE and PEOPLE have performed strongly and are worthy of attention. In addition, new MEME coins such as BOME, WIF and FLOKI are also favored by the market. In particular, FLOKI, as a strong variety among new MEME coins, has great investment potential.
Recommended investment strategy For investors who have not yet laid out MEME coins, you can consider buying FLOKI in batches to diversify risks and seize market opportunities. Buying in batches can reduce risks in a volatile market while capturing opportunities for gains.
Summary In the current market stage, focus on Ethereum-based currencies and the new-tier MEME coins. Staying vigilant, carefully laying out, and diversifying investments are wise choices in the current market environment. In particular, FLOKI, as a strong variety among new MEME coins, deserves investors' attention.
If you don't know how to screen strong coins, then I suggest you follow me. Whether it's spot or contract, a slight move may be your limit. The opportunity is short, so you must seize it! Success is not based on luck, choice is greater than effort, and the circle determines destiny. In the currency circle, in addition to having a sharp eye for judging the situation, you must also keep up with a good team and a good leader. Follow me and you will be halfway to success in the currency circle! Near q1un + Wei: BYLK688 You can receive the latest free articles in the currency circle every day. The articles are good and can be shared with everyone!
After the approval of the Ethereum spot ETF, Ethereum completely got rid of the consolidation trend below $3,000.
With this progress, people began to talk about the crypto market entering the season of altcoins.
However, the market is still in the stage of stock capital game, and there will not be a situation where all currencies rise at the same time. Even if it enters the bull market in June, the market will still be structured, and only a few currencies will perform well.
Hot currencies in the sector may rise in rotation, and the huge meme coin tribe cannot continue to rise to an extremely high point.
Therefore, not every meme coin can go out of the continuous rise, but meme coins are still worth paying attention to after the correction.
Even if they are not the protagonists of the market, it is very likely that they will double again after the correction.
When selecting coins, it is recommended to give priority to new coins, narratives, small market capitalization, high circulation rates and currencies with hype expectations.
Such coins are more likely to perform better in the current market environment.
If you don’t know how to screen strong coins, then I suggest you follow me. Whether it is spot or contract, a slight shot may be your limit. The opportunity is short, so you must seize it! Success is not based on luck, choice is greater than effort, and the circle determines destiny. In the cryptocurrency 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 cryptocurrency circle! Near q1un + Wei: BYLK688 You can receive the latest free articles in the cryptocurrency circle every day. The articles are good and can be shared with everyone!
After a brief adjustment on May 24 and 25, Bitcoin has re-entered an upward trend, which is consistent with the previous analysis.
However, this upward trend may be relatively slow, and the surge usually occurs in a bull market.
In general, as long as the market does not continue to fall, the altcoin market will maintain the market.
Bitcoin is expected to try to break through the $70,000 mark again, which is expected to be achieved within this week, and then continue to rise, possibly reaching a range of $71,000 to $72,000.
Therefore, it is recommended that you hold spot, and liquid funds can be invested in meme coins at will, but large funds should be mainly held in high-quality assets.
For meme coins, it is recommended to keep a small position and recognize the potential risks in the market.
Our goal is to invest rather than speculate, and the two are essentially different.
What we pursue is the steady growth of assets.
Previously, BOME was recommended at 0.01, and the income is still considerable.
If you don’t know how to screen strong coins, then I suggest you follow me. Whether it is spot or contract, a slight shot may be your limit. The opportunity is short, so you must seize it! Success is not based 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! Near q1un + Wei: BYLK688 You can receive the latest free articles in the currency circle every day. The articles are good and can be shared with everyone!
The trend of Ethereum (ETH) price suggests that it is expected to break above $4,000 in the near term and move higher.
The key points are as follows:
1. Current trend: - Ethereum price has broken the $3,750 resistance and is currently consolidating near $3,850. - The price is above $3,750 and the 100 hourly simple moving average.
2. Bullish trend: - On the hourly chart of ETH/USD, a key bullish trend line has been formed with support at $3,780. - The price has broken above the 76.4% Fibonacci retracement level of the downtrend from the $3,944 high to $3,530 low.
3. Resistance levels and targets: - An immediate resistance is near $3,880 and the first major resistance is at $3,920. - If the resistance level of $3,920 can be broken, the price may rise to $4,000, with further targets of $4,080, and may even test the resistance levels of $4,220 and $4,350.
4. Support and risk: - The initial support level is at $3,800, and the main support level is at $3,735. - If the price falls below $3,735, it may fall further to $3,630 or even $3,540.
5. Technical indicators: - The hourly MACD shows momentum in the bullish area. - The hourly RSI is above the 50 area, indicating that the market is showing a bullish momentum.
If you don't know how to screen strong coins, then 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 is not based on luck, choice is greater than hard work, and the circle determines destiny. In the currency circle, in addition to having a sharp eye for judging the situation, you must keep up with a good team and a good leader. If you follow me, you are already halfway successful in the currency circle! Near q1un + WeChat: 599695450 You can receive the latest free articles in the cryptocurrency circle every day. The articles are good and can be shared with everyone!