As Bitcoin broke through $65,000, the cryptocurrency market was booming, and altcoins such as memecoins generally showed a recovery. The total market value rose by 2.4% to $2.39 trillion.
The crypto market is bullish! How to plan a copycat?
As for spot, actually, at this time, it is not very meaningful to discuss the rise and fall of spot. What should be discussed is the industry narrative. Finding a potential track or even a dark horse is the key.
My point of view is very clear: this year's cottage industry must implement fast in and fast out, do less medium and long-term, do less long-term, do more short-term, run away when you make money in the short term, the stronger ones can only run the principal, and it's right to run everything else, participate more in the tokens of the hot sectors
With the emergence of various memes and the addition of various sector tokens, it is impossible for all altcoin tokens to return to their previous market value. Only a very small number of them can increase four or five times to restore their original market value. Therefore, most of them will fluctuate downward after a wave of pull. This is an inevitable trend in the short term.
Summary: Seize the hot sectors and hot tokens, enter and exit quickly, and run when you make money. Even if you make 20% on one password, you will be financially free with compound interest!
In this environment, you must remember not to get carried away and stop profit in time!
Several 10x potential coins worth paying attention to!
BE
Sei has been in the news lately, with its native token Sei continuously hitting new highs. The price has surged by 32% during this period. An assessment of its bull and bear strength shows a clear bullishness in the market. This is exemplified by the positive Elder-Ray Index, which measures the strength of buyers and sellers in the market. At press time, the index is at 0.16, indicating strong buying pressure.
However, for traders looking to profit from the rebound, it is important to note that Sei could see a price reversal in October. Its relative strength index (RSI) reading is currently 73.36, showing that the altcoin is overbought. The RSI is used to measure the overbought or oversold market conditions of an asset on a scale of 0 to 100. Values above 70 indicate that the asset is overbought and may need a pullback, while values below 30 indicate that the asset is oversold and may rebound quickly.
BABY
Originated from the popular online meme "Sad Frog" Pepe, PEPE coin became popular in 2023 and is now trying to shine in 2024. It is fresh and has a growing fan base, but it is a newcomer after all, and the market is very volatile. The advantage is that the meme behind it is popular and more and more people support it; the disadvantage is that it is a new market with high risks.
ABOUT
SUI is another L1 with high potential, but its price has appreciated significantly. Like TAO, its price action appears to be extended, which means a pullback or consolidation could be healthy before further gains.
Still, it’s worth keeping an eye on for potential drops, especially as its ecosystem continues to grow and gain acceptance.
STRK
Strike is a decentralized financial lending platform based on Ethereum, dedicated to enabling users to obtain efficient lending services through decentralized protocols. The current market value of STRK is still relatively small, and its market visibility has not yet been fully opened.
But as the DeFi ecosystem develops, platforms like Strike will attract more users and capital inflows, especially when market demand increases, its potential will be released.
Currently, the price of STRK is hovering at the bottom, but with the bull market, STRK may usher in a sharp rise, and its increase is expected to reach 100% or more in the second half of the bull market. It is expected that the early layout of STRK will seize the opportunity in the new round of prosperity in the DeFi field.
PEOPLE
PEOPLE Although the recent price trend is very similar, as a representative of MEME coins, it has attracted a large number of investors with its unique community culture and strong support base.
Although it brings high risks, it also brings high-return opportunities. For investors who dare to take risks, PEOPLE is a project worth paying attention to.
The first goal of 0.07 has been achieved, the second goal is 0.1 bull market, the ultimate goal is 1 US dollar, the mission will be accomplished
People The popularity of election coins is very high. It is likely that the third wave will begin.
