The season of altcoin rallies is about to arrive! Will VC coins still be hyped? These three popular coins are worth considering.

Yesterday, Ethereum had a strong rally, rebounding over 400 points from around 3250 to 3688. There is some pressure around 3700 due to earlier Ethereum ETF approvals, which created some trapped positions above, so this level will likely need to consolidate before continuing to advance.

From the perspective of rotational recovery, ORD has yet to start; perhaps once it explodes, it will see a significant increase. It's worth looking forward to, as this project once led a small bull market. Buy when no one is paying attention; don't chase after it rises! The upper range can be seen at 50-60, while it is currently at 40, making it still very cost-effective.

The US stock market is closed tonight, so Bitcoin should mainly oscillate today, with a focus on altcoin recovery opportunities.

Yesterday was a day with a lot of short liquidations, and the bulls made a comeback; the market rotated, and there were opportunities for recovery!

Will the bull market for VC coins still be hyped?

Some VC coins in the market still have a lot of room. The essence of the main force in VC's rally is to sell off. For an opportunity that comes once every four years in a bull market, they will also take action. The core question here is what kind of VC coins are worth having space and market hype?

For those essential applications on the chain, there is still space, such as SUI. If SUI doesn’t rise soon, the recent public chains FTM and XTZ won’t have independent trends either.

What about other sectors? Currently, there are projects that have been in the market for more than six months (trading, lending, cross-chain, providing liquidity, etc.) as long as the market can use its applications, it won't be bad. For example, Cake is a lottery platform on BSC, which is expected to gain popularity as many people will use it for trading once the meme tokens on BSC heat up.

Understanding the underlying logic of altcoins, as long as the market is prosperous, it will be a good speculation track!

Here are some recently popular tokens worth watching.

ENS

Recently, the price of Ethereum Name Service (#ENS) has shown a significant increase, which may reveal an important signal from the market. On January 3, 2024, Ethereum co-founder Vitalik Buterin emphasized the importance of ENS for Ethereum users, especially those on layer two (#L2) networks, on platform X. He urged L2 networks to accelerate the integration of ENS functions to enhance user experience and strengthen the scalability of Ethereum.

The close connection between ENS and Ethereum, coupled with the recent slight weakening of Ethereum's price surge, has sparked market speculation: Is Ethereum brewing a new upward trend? If this trend continues, projects closely related to Ethereum's layer two network (such as SSV, LDO, OP, NEAR, ARB, etc.) may usher in a new round of increases driven by the expansion of the L2 ecosystem.

STRK

The recent price trend of STRK is also very noteworthy. It has broken out of the long-term horizontal consolidation range in the bull market, with an increase of nearly 80%. Currently, the price of STRK has surpassed the resistance level of $0.55, showing a strong upward trend. Technical indicators also show that the 50-day and 100-day moving averages are forming a bullish crossover, suggesting that prices may continue to rise.

According to the current trend, the upward targets for STRK are approximately $0.953 and $1.71. If the market remains bullish, this price range may be achieved quickly. The current support levels for STRK are around $0.462 and $0.34.

DOGE

DOGE's performance is also worth noting, especially in the last month, where it has risen by 171.78%. Although its price has not changed much in the past week, the growth over the past six months indicates it has considerable upward potential.

The current trading price of DOGE is between $0.37 and $0.49, close to its recent resistance level of $0.55. If this resistance level is broken, the next target may be $0.67. Despite the risk of a pullback in the short term, DOGE still demonstrates a strong growth momentum in the long term.