In the current cryptocurrency market, the trends of the four major currencies seem to show the following situation: SOL (Solana) continues to lead, and its strong momentum indicates that it may continue to maintain its dominant position in the short term; BTC (Bitcoin) and ETH (Ethereum) follow closely behind, but the approval of their ETFs may bring new variables to the market, especially if SOL's ETF is sought after, it may further stimulate its market vitality.

For investors, BTC and SOL are the best choices for long-term investment, and the capital power behind them cannot be underestimated. In particular, the strong capital support shown by SOL has enhanced its attractiveness as an investment target. Although the ETH ETF has been approved, the possible selling behavior of institutions such as Grayscale and the market buying trend still need to be carefully observed to grasp the best entry time.

In contrast, BNB (Binance Coin) is less attractive at this stage, and most altcoins are also not optimistic. However, it is worth noting that the leading meme coins in the BTC and SOL ecosystems, as well as specific meme coins in the ETH ecosystem such as PEPE, are becoming the focus of market attention, and their potential growth space is worth investors' early layout.

After two weeks of growth, the current market has entered a rest period to accumulate momentum. It is expected that the short-term shock adjustment will lay the foundation for the subsequent market to take off. Therefore, investors should take advantage of this stage to carefully observe and screen out high-quality altcoins with potential, and consider building positions in batches at the appropriate time.

Looking ahead, as the August market approaches, the market is looking forward to a new wave of growth. In this context, maintaining keen market insight and flexibly adjusting investment strategies will be the key to seizing future opportunities.

Buy these cryptocurrencies in 2024 and get 100 times the return!

1.ORDI

ORDI, as a unique meme coin on the Bitcoin network and a pioneering BRC-20 token, is comparable to Bitcoin's first-mover advantage. Since October 2023, ORDI's price has skyrocketed from about $4 to more than $87 in March 2024, bringing investors more than 20 times the return. This means that if you invested $1,000 in ORDI in October last year, even if the market corrected, the final return would still easily exceed the $10,000 mark.

Currently, ORDI's price is experiencing a correction period of about 50% from its recent peak, but this has not weakened its unique charm and growth potential as a BRC-20 token. As long as Bitcoin maintains its leadership in the cryptocurrency market and the meme coin market sentiment remains optimistic, ORDI is expected to show its edge again and usher in a new upward cycle.

From the perspective of technical analysis, ORDI has recently found a solid support point at the key support area of ​​$28. This sign indicates that once Bitcoin regains its upward trend, ORDI may take advantage of this opportunity to start a new round of upward trend. Therefore, for investors who seek to diversify their portfolios and agree with this investment strategy, it may be a wise move to consider ORDI.

2. THIS

After a brief bout of bearish sentiment and a 12.73% correction over the past 30 days, ENA (Ethena cryptocurrency) has shown strong recovery momentum. In the past day alone, its portfolio has achieved an impressive 11.01% growth, accompanied by a trading volume of $140.25 million, which has surged by 91.52%.

Currently, the market price of Ethena is $0.487, the number of ENA in circulation is 1,710,937,500, and the total supply is set at 15 billion. With its market cap of $846.25 million, Ethena ranks 84th in the cryptocurrency market.

Observing from a technical analysis perspective, the Simple Moving Average (SMA) on the 1D timeframe is signaling a confluence of bullish trends, which clearly points to a strengthening of buying power within the altcoin space, outweighing the current selling pressure.

More significantly, the Relative Strength Index (RSI) has also completed its momentum repair and is showing a sharp upward trend above the central axis, which further strengthens the expectation that the price of the ENA token will rise strongly in the coming period. .

Looking ahead, if the overall market sentiment improves, the price of Ethena is expected to easily break through the resistance level of $0.60. Furthermore, if the bulls continue to have the upper hand, ENA will even be ready to challenge the higher resistance level of $0.825.

3.JASMY

In the past few months, JASMY coin has shined on the stage of cryptocurrency. Its market value has achieved an astonishing leap of more than 320% in just one year, successfully ranking among the top 63 in the global cryptocurrency market value rankings, with a market value of approximately US$1.363 billion, demonstrating its strong market potential and wide recognition among investors.

At the technical analysis level, the price trend of JASMY coin is firmly supported by the EMA 50, a key indicator that continues to provide stable upward momentum for its price. However, at the same time, the RSI (Relative Strength Index) unexpectedly slipped into the neutral zone, showing a subtle change in market sentiment and a balance of power between buyers and sellers in the short term. More interestingly, the RSI average on the 1D time frame shows potential signs of bearish convergence, indicating that future price movements may be full of variables, and investors need to be cautious.

4.Inj

INJ (Injective Cryptocurrency) has shown some price range fluctuations over the past three months, hovering between $22.05 and $28.25, but this is more a reflection of the current trend of some altcoins in the cryptocurrency market. Generally weak. However, it is worth noting that INJ has achieved a significant increase of more than 18% in the past 30 days, demonstrating its relatively strong market performance. At the same time, with a market capitalization of US$2.252 billion, INJ firmly ranks 45th in the global cryptocurrency rankings, further proving its market position and influence.

From a technical analysis perspective, the green histogram of the MACD indicator on the 1D time frame continues to decrease, which is often seen as a signal that the market's buying power is slightly stronger, indicating that INJ has received some support in the current environment. However, at the same time, the trend of the average line reveals the potential for bearish convergence, adding a hint of uncertainty to INJ's future price trend.

Looking ahead, if the bulls can successfully push INJ prices above the $28.25 resistance level, this will be seen as an important turning point, indicating that INJ will resume its upward trend and is expected to further challenge its $34.50 resistance level in the coming period. This expectation is not only based on current technical analysis, but also reflects the market's optimism about INJ's future development potential.

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