These 6 altcoins are worth watching!
SOL
Solana has become a leader in the blockchain space, known for its excellent transaction speeds and extremely low fees. It is the platform of choice for developers to build decentralized applications and non-fungible tokens (NFTs).
XRP
XRP has always been favored by investors for its fast and low-cost international transaction capabilities. Developed by Ripple Labs, XRP is designed to enable fast transfers between different currencies, making it indispensable for financial institutions and payment providers.
XLM
Stellar aims to speed up and reduce the cost of cross-border transactions, mainly catering to the needs of individual users and small businesses, making it a key player in the international remittance market.
BNB
Originally launched as a utility token for the Binance exchange, Binance Coin has expanded its utility far beyond its initial scope. Today, BNB can be used for a variety of purposes, including paying transaction fees on Binance and participating in exclusive token sales.
ETH
Ethereum is the second-largest cryptocurrency by market capitalization and the foundation of the decentralized finance (DeFi) movement. Its smart contract capabilities have revolutionized financial transactions, powering everything from decentralized exchanges to automated lending. With the upcoming Ethereum 2.0 upgrade, designed to enhance scalability and reduce transaction costs, Ethereum's future continues to look bright.
TON
Toncoin is the core cryptocurrency of The Open Network (TON), which has risen to prominence in the decentralized application space. Originally conceived by the Telegram team, TON has grown into a comprehensive blockchain ecosystem that provides fast, secure transactions.
From a macro perspective, I am bullish on BTC and cryptocurrencies. But in the short term, it is difficult for me to remain firmly bullish in the absence of clearer macro factors such as recession, elections, and war. From a technical perspective, the failure of price to recapture the range low/value zone is not very satisfying to me.
I also note that we have not been able to make higher highs since March. Summer vacation will end in about 2 weeks, and there should be a clearer trend at that time. A break above the monthly high of 62.8k would be a bullish sign in my opinion.
