(I plan to ambush some low-market-cap coins with good news in the near future to help everyone recover. The current market situation is not stable. I will take 30% in the short term. The next password will be announced soon!!)
Are Bitcoin and Altcoins about to rebound?
As the Bank of Japan keeps interest rates stable, risk assets such as cryptocurrencies are enjoying gains. Bitcoin prices surged 3%, moving closer to $64,000. On the other hand, altcoins, led by Ethereum, rose between 4-10%.
Bitcoin has shown strength for the first time in nearly four years following the Fedâs rate cut earlier this week. Interestingly, this strong recovery has not been accompanied by any strong FOMO, according to data from Sanitment. This suggests that the recovery in the Bitcoin and altcoin markets is healthy and can continue.
Looking at the technical charts, Ethereum price is also showing signs of recovery from its recent gains. Despite the recent transfer of ETH from Vitalik Buterinâs address, the chart below shows a strong recovery with the potential for a rally to $5,000.
Be bullish and keep investing! Wait for the bull market to break out.
The market rebounds and a new round of bulls are ambushing these 3 altcoins with 100x potential!
1.VET
VeChain is an enterprise-grade blockchain platform that uses smart contracts to solve real-world problems. It combines Internet of Things (IoT) technology and NFC chips to help businesses address data challenges. VeChain's system is applicable to various industries and solves problems that traditional systems may not be able to effectively solve.
The platform uses a dual-token model that aims to simplify blockchain adoption. The platform uses VET and VTHO. VET acts as a store of value, while VTHO covers transaction fees.
By separating these functions, VeChain maintains low costs and stability, which is important for companies looking to incorporate blockchain technology into their operations. In addition, VeChain also focuses on sustainable development through its VeBetterDAO platform.
The platform has partnered with Boston Consulting Group to drive environmentally friendly practices and blockchain technology among businesses and individuals. The platform encourages users to participate in sustainable development efforts by providing incentives, aiming to attract more users to Web3 over time.
In terms of market performance, the VeChain token VET is currently priced at $0.0239, up 6.70% in the past 24 hours, up 8.63% in the past week, and up 39% in the past year.
Meanwhile, the token has recorded 15 green days in the past 30 days. It also has high liquidity relative to its market cap.
2.In
Wormhole is a platform that connects multiple blockchains, allowing assets and data to move between them. It provides developers with access to liquidity and users in more than 30 networks, enabling a range of uses such as DeFi, NFTs, and governance. The platform started as a bridge between Ethereum and Solana, and later introduced a universal messaging protocol that allows secure transfers and messaging between more than 30 blockchains.
Additionally, Wormhole recently launched the Era3 upgrade, which brings several improvements. The upgrade adds features such as intent-based transfers, native-to-native swaps, and faster transactions, especially for slower blockchains such as Ethereum. These changes are designed to improve user experience and smoother cross-chain interactions.
Additionally, the platform is working with Securitize to provide cross-chain capabilities for tokenized assets and adapt its protocol to meet regulatory needs. Another collaboration with Google Cloud aims to enhance security and reduce downtime by improving the networkâs infrastructure for processing cross-chain transactions.
These developments have had a positive impact on Wormhole, making it the best cryptocurrency to buy right now. Additionally, W is currently trading at $0.2428, up 4.65% intraday. Market sentiment suggests that the coin may continue to rise, predicting that the price may increase by 228.20% to $0.805273 by October.
3. EVERYTHING
AltLayer is an open and decentralized protocol dedicated to improving the infrastructure of rollups, a solution designed to scale blockchain networks. The platform introduces the concept of âRestaked Rollupsâ, which aims to improve the security, decentralization, and interoperability of rollups with different blockchain ecosystems. The protocol achieves this by leveraging a re-staking mechanism, resulting in faster transaction finality and stronger cryptoeconomic security.
The platform has successfully raised $22.8 million across two private token sale rounds. During these sales, 18.50% of the total ALT token supply was sold at prices of $0.008 and $0.018 per token.
According to the market performance, ALT is priced at $0.109, reflecting a 5.05% increase in the past 24 hours. The market capitalization has also increased by 5.05% and currently stands at $243 million. Moreover, the market sentiment surrounding ALT is generally bullish. Despite this, the coinâs Fear & Greed Index remains neutral at 54.
Meanwhile, ALT has experienced 15 trading days of gains in the past 30 days, accounting for 50% of the period. The token also benefits from high liquidity relative to its market capitalization and is traded on Binance.
A range of predictions for ALTâs price trajectory have been proposed. If AltLayer forms new partnerships with other networks, its price could exceed $1.52 by the end of the year. In a sustained bullish market, the average price of ALT could stabilize around $0.857.
(I plan to ambush some low-market-cap coins with good news in the near future to help everyone recover. The current market situation is not stable. I will take 30% in the short term. The next password will be announced soon!!)
