We are currently in the early stages of a bull market, although it has not yet fully started. There are some common features in every bull market:
1. In the early stages, Bitcoin usually rises gradually, leading the rise of mainstream cryptocurrencies such as Ethereum. Some well-known mainstream coins will follow the rise, while other cryptocurrencies will follow slowly. Some altcoins may perform strongly, such as Meme and AI sectors and Solana ecological projects, while most altcoins remain relatively calm.
2. In the medium term, the prices of Bitcoin and Ethereum will fluctuate and rise, mainstream cryptocurrencies will begin to accelerate their rise, and many altcoins will also begin to gradually strengthen.
3. In the later stage, the price of Bitcoin may fluctuate and fall, while the leader of the altcoin Ethereum will continue to rise. At this stage, the secondary altcoins may rise sharply, and even increase by several times, dozens of times or even hundreds of times.
Although many people may feel anxious at the current stage because the value of the coins they hold may not be able to outperform Bitcoin, Ethereum, Doge, Shib, Pepe, BNB, etc., and some coins have even doubled, causing some investors to lose sleep at night. However, frequent trading and chasing highs and selling lows usually lead to losses. In this case, it is crucial to choose your investment target and then hold it firmly. Don't follow the crowd, because the situation changes, wait for the sector to rotate.
Layout 5 altcoins with 100x potential!
1.TRX
Tron is a well-known blockchain network that facilitates stablecoin transactions, supports smart contracts, and supports the development of Dapps. TRX provides various practical uses in the ecosystem, encouraging users to participate in activities such as staking, voting, and contributing to the network.
Despite TRON’s valuation of just a fraction of a cent, its continued uptrend on the weekly and monthly charts demonstrates its resilience. The partnership with Huawei Cloud Native Enterprise Services (NES) demonstrates TRON’s commitment to revolutionizing Web3 and simplifying blockchain operations.
Market value: $11.79 billion
2.ASTR
Japanese crypto platform Astar’s ASTR token has seen a significant increase in market capitalization, reaching $1.02 billion. Although the token hit an all-time low in June 2023, it still ended the year up nearly 250% from its initial value, outperforming 89% of the top 100 tokens.
In the past few days, there have been 20 positive price swings, with a success rate of 67%. With over 60 teams working to expand their organization, the Astar team is actively developing new features and integrations for the platform.
Various supported teams have launched new products and interesting activities for their communities, such as customer branding, gaming, NFT artwork, and web3 security. These initiatives may attract new users and businesses to Astar, potentially increasing demand for ASTR and boosting its price.
Market value: $557.66 million
3.DOGE
With a market cap of $11.61 billion, Dogecoin has surpassed all expectations and become a famous cryptocurrency. Dogecoin first appeared as an internet meme and is currently valued at $0.1204.
Dogecoin’s journey to the $1 milestone was aided by market volatility, market corrections, and unwavering community support. Elon Musk’s announcement of “X,” a groundbreaking application designed to revolutionize digital payments, reignited interest in Dogecoin’s growth potential.
Additionally, Musk’s endorsement of the official payment account briefly pushed up the price of DOGE, highlighting the impact of market sentiment on its trend.
Market capitalization: $17.474 trillion
4.BNB
As the positive impact on the cryptocurrency market continues to increase, BNB price has risen by 3.22% in the past day. In addition, with a return rate of 89.71% year-to-date, Binance Coin price has firmly established itself as the fourth largest cryptocurrency with a market capitalization of $87.216 billion.
The technical indicator MACD is showing an ascending pattern in its histogram, indicating that buying pressure is outweighing selling pressure in the cryptocurrency market. Moreover, the EMA is recording a bullish pattern, indicating a positive outlook for altcoins in the coming period.
If the bulls continue to dominate the market, Binance price will be ready to test its resistance at $635.
5.SUN
Solana price managed to break out after briefly falling below an important resistance zone. In addition, the altcoin has gained 5.63% in the past day, a gain of 22.97%. The SOL cryptocurrency has a year-to-date return of 55.51% and is currently valued at $79.063 billion.
The Relative Strength Index (RSI) is heading towards the overbought zone, with its average trading price above the midpoint. Additionally, the SMA indicator keeps supporting the Solana price chart on the 1D timeframe, suggesting that the price will continue to rise.
Maintaining the bullish sentiment will set the stage for SOL price to rise towards the overhead resistance of $209.70 in the coming weeks.
