Under this market situation, various chains performed very well. Among them, SUI reached a new high, with TVL exceeding US$700 million in less than 11 months. Is SUI the next SOL?
The top three ecological leaders are:
NAVI Protocol market capitalization $218.21 million
Scallop Lend market capitalization $174.12 million
Cetus has a market value of US$133.17 million. For an ecosystem whose market value is seriously undervalued, it has broad development prospects.
After SOL emerged from the bull market this year, everyone has paid more attention to the new chain ecology. Many big players have begun to lay out new public chains. The ones that attract the most attention are definitely APT and SUI, whether they are more ecological applications. In terms of richness, TVL performance, personal experience on the public chain, and security, I personally prefer SUI. The SUI ecosystem has shown huge development potential and market attraction with its innovative technology and diversified projects. force.
The four cryptocurrencies introduced next are likely to have a 100-fold potential in the bull market. Do you have it?
1.CHZ
Powered by social networks, Chiliz offers sports and esports fans the ability to manage their favorite teams, games, leagues and events.
It's called Radical Fan Participation: a universal sports and esports "crowd control" engine that gives fans voting power to guide management and strategic decisions for their favorite teams. Any league, any team and any competition enabled by blockchain technology. With Chiliz powering the Socios.com platform, fans can become influencers for any competing entity.
In turn, teams, leagues and events from any corner of the sports and esports world can monetize fan demand for these voting rights.
Chiliz is a blockchain product and service for mainstream consumers, aiming to enhance the fan participation experience in the sports entertainment industry and provide alternative payment solutions for traditional products.
Chiliz provides blockchain-based solution tools for the sports and entertainment industry to help monetize fan participation. Chiliz is a fintech platform powered by that enables sports and esports fans to co-manage the clubs, competitions, leagues and events they support.
There will definitely be a good increase due to the football match in June!
2.SUN
Solana is a "high-speed single-layer blockchain" that currently uses a network timestamping system called Proof of History (PoH) and supports a peak capacity of 65k transactions per second and 400ms block times.
The core technical team comes from Fortune 500 chip manufacturer Qualcomm, and they manage projects such as Firefox OS and BREW operating system.
SOL is fifth in market capitalization. SOL is the engine of the currency circle in this bull market so far. From February to now, the meme coins on SOL have gone crazy, attracting 50% of the attention and funds in the currency circle.
And for the SOL ecosystem, memes are just the appetizer, along with AI and DePin. Moreover, SOL is backed by Wall Street capital and large consortiums.
3.Sponge Token
Sponge Token (SPONGE) is a project that achieved great success in 2023 and is again replicating the 100x ride experience it provided early adopters in 2024. It went on pre-sale in May 2023 and attracted attention as it provided buyers with a 100-fold return. Subsequently, Sponge Token announced its next version with the powerful V2 upgrade, which will make the token bigger and better than ever.
The project is implementing a unique "Stake to Bridge" utility to upgrade, where users need to lock SPONGE V1 into the bridge in order to receive the equivalent of SPONGE V2 after the upgrade. All $SPONGE V1 sent to the bridge will be permanently locked to facilitate transfer to V2.
After the upgrade, the team introduced various new features, such as the fun and addictive play-to-earn money arcade machine, adding more practicality to the project. SPONGE has been listed on the top ten exchanges and has become a strong competitor for the upcoming listing on Binance in the meme currency field. Overall, Sponge Token is a project that has proven its worth and is ready to take the cryptocurrency market by storm once again.
4.XRP
A rebound from the uptrend line and a break above the 20-day exponential moving average (EMA) at $0.62 indicated active buying at lower prices. However, there is a fierce battle among traders to verify a clear trend.
If buyers push the price above $0.65, the XRP/USDT pair is expected to gain momentum and rise towards the important resistance level at $0.74. A break above this critical point could signal the start of the next upward phase, targeting $0.948.
Conversely, if the price declines and remains below the 20-day EMA, it means that higher price levels are attracting sellers. The pair is then likely to trade between $0.64 and the rising trendline. A break below the uptrend line could drag the pair lower to $0.52.
Create a high-quality circle
The article ends here. I will do a more detailed analysis in the community. If you want to join my community, please contact me directly!
