The crypto market loves hype topics, they are the ones who give the coveted X’s. Let's go through the trends that are currently on the agenda of the crypto community.
1. NFT based on BTC. The launch of BTC-based NFTs last month took the cryptocurrency community by storm. STX, an NFT smart contract platform for BTC, is growing with Ordinals. The growth was +241% per month! Despite this aggressive rally, the bulls are likely to remain strong. This is evidenced by both the RSI indicator and wave analysis. Although the index is overbought, it is not yet giving any signals of bearish divergence, so I recommend considering this token for purchase. The rate #STX can reach $1.5, the main thing, of course, is that interest in NFTs on Bitcoin does not fall. #NFTCommunity
2. AI tokens are still trending. ChatGPT continues to gain popularity, and in crypto the main beneficiaries of the AI hype are #AGIX and GRT. Binance also did not ignore this topic and launched an NFT generation service using artificial intelligence – Bicasso.
3. Tokens associated with China are already losing their hype, but are still on the wave. Hong Kong is expected to legalize crypto trading for qualified investors on June 1. It is worth paying attention to #CFX COCOS IRIS NEO FIL VET.
4. A trend for gaming tokens is emerging. Unity announced partnerships with Solana, Tezos, Aikon ORE ID, Algorand, Altura, Aptos, Dapper Labs, Immutable X and other Web3 companies to support blockchain game developers. Unity is one of the most popular game engines in the world at the moment. Against this background, gaming tokens IMX and Wemix are growing. But how strong the impulse in this trend will be will be shown in the coming two weeks.
The main thing is not to forget that March is statistically one of the worst months for BTC, so be careful with gaining large positions.