Since May, Bitcoin has been fluctuating at a high level. At this stage, most players have realized that the bull market is coming and are fantasizing that it will rise to more than 100,000 US dollars, and the copycats will make dozens of times more money. Then the market will only fall and pull back to clean up the market, because retail investors will not come to buy, and the dealers will sell as before?
Don't imagine that smart money will pull the market at high levels, they will only dump the market at high levels. Similarly, if the dealer does not pick up cheap chips at low levels, the dealer will not start a big bull market. Because the dog dealer is premeditated, Bitcoin is pulled to 73,000 US dollars, a small new high, instead of below 69,000. In addition, the small new high is superimposed on the halving, everyone thinks that the bull is coming, but this is the best time for the dealer to ship. This round of bull market cycle can be compared with the bull market in 2021. The same is true that a straight rise is the moment of death.
Most of the altcoins have fallen below the lowest point of the bear market. The currency market is at the bottom of the first wave of the monkey market. After the rebound, there will be a second wave of decline, and after the rebound, there will be a third wave of decline. No matter how the market falls in the future, many potential currencies are now very cheap and are worth lurking for a long time.
TO US
Ethereum Name Service (ENS) has been making headlines recently. Ethereum Name Service is a decentralized domain name service built on the Ethereum blockchain. It aims to simplify the use of long and complex blockchain addresses by providing human-readable names. Since its launch, ENS has steadily grown in adoption and usage, becoming an important part of the Ethereum ecosystem by enhancing the usability of blockchain addresses.
ENS has performed strongly since December 2023, rising from $8.81 to $30, an increase of more than 185%, and is expected to reach a new all-time high of $85.69 this year. We believe that as more institutions like BlackRock begin to use Ethereum, demand for ENS will grow, making it a valuable asset.
The most recent announcement from the crypto naming service provider concerns ENSv2. According to their blog, the upgraded version is designed to improve the affordability, flexibility, and scalability of ENS. Initially announced in May, the version is set to be launched soon, with a significant impact on market prices. However, the developers have not yet revealed the exact release date of this upgrade.
SUN
Solana’s price has fallen 20% in the past month and another 10% today. However, there are still plenty of reasons to be bullish on SOL.
For example, VanEck and 21Shares recently filed for spot Solana ETFs, and there is strong speculation that TradFi giants BlackRock and Fidelity could be next.
In this context, it would not be surprising if SOL hits all-time highs on the BlackRock ETF news, just like Bitcoin and Ethereum. Likewise, considering that Republican and pro-crypto candidate Donald Trump is now the most likely to win the White House election in November, the likelihood of a spot SOL ETF being approved is also increasing.
LINK
Similar to Solana, Chainlink is one of the first altcoins to rally when the crypto market begins a bullish reversal. If Bitcoin does bottom, this could be one of the last opportunities to buy LINK on the dip.
In a cryptocurrency market that is rapidly becoming saturated with meme coins, Chainlink’s bullish strength stems largely from its strong fundamentals.
It continues to provide a wide range of next-generation technologies to other cryptocurrency projects. In fact, its Cross-Chain Interoperability Protocol (CCIP) is being used by top TradFi companies including SWIFT and ANZ Banking Group.
Therefore, experts such as Michael van de Poppe believe that LINK could become one of the best performing cryptocurrencies in the coming months.
WIF
Dogwifhat shows a strong correlation with Solana and is the number one meme coin on the chain. Therefore, all the reasons to be bullish on SOL also apply to WIF.
However, WIF not only shows correlation with Solana, but also acts as a beta for it.
Therefore, experts believe that Dogwifhat could be one of the best large-cap cryptocurrency investments, especially if the Solana ETF is approved.
Buntz, a well-known cryptocurrency trader who has accurately predicted local tops and local bottoms for WIF, believes that Solana memecoin could trade as high as $10 by the end of the year. If true, this could mean that investors who buy WIF today could earn nearly 6 times their money this year.
