Bull markets often experience crashes, so in the current crypto market, buying at the bottom on the left side has a better profit-loss ratio than chasing highs on the right side.
Tomorrow is the much-anticipated BTC halving day. The good news will turn into bad news, and a reversal may occur in the bull market. You only need to understand that halving is a positive thing in terms of supply and demand.
From the news this morning, we can see that when the market corrected, the altcoins did not experience a cliff-like collapse like in the previous times. This means that after the previous waves of wash-outs, the bubble has been almost squeezed out in the short term.
Moreover, in this round of correction, Ethereum has fallen by 30% from the high point to the low point. According to the correction range of the previous bull market, I think the downward volatility at this position is already very low, so there is no need to spread anxiety and panic, just hold on to your chips and wait for the wind to come.
As the crypto market plummets, which assets are suitable for bargain hunting?
The underlying public chain narrative: SOL
This is currently the only public chain that is qualified to compete with ETH. When it comes to value investment, it is also a vicious circle that every crypto person cannot avoid. In this cycle, the SOL ecosystem is the only one.
Although it was previously affected by the FTX crash, SOL still relies on a strong Meme ecosystem, low interaction costs, and continuous construction to gradually grow into an indispensable part of today's market. It is still some distance away from the recent high of $200, so SOL still has a certain bargain value.
Ethereum re-staking narrative: PENDLE, ENA, ETHFI
The release of Ethereum's re-staking liquidity plays a crucial role from the second half of 2023 to the first quarter of this year. On the one hand, it allows Ethereum's big players, whales, and institutions to find an outlet for their overflowing liquidity. On the other hand, it gives small investors an opportunity to enter the market through a large-volume, low-circulation model, and at least obtain certain Beta returns.
Therefore, PENDLE, ENA, and ETHFI are relatively cost-effective options in this field. Although the recent declines of the three are relatively small, in the long run, the subsequent news of the Ethereum ETF spot, whether passed or not, will to a certain extent enable them to maintain an upward trend.
RWA Narrative: ONDO, MKR
As an intermediary token connecting real-world assets and virtual assets, the leaders of the RWA track can only be ONDO and MKR. The former is a synonym for the RWA track that has reached a cooperation relationship with BlackRock Fund, and the latter is a veteran DeFi organization that has been insisting on repurchases. Therefore, it also has a certain bottom-fishing value.
AI Narrative: WLD, AGIX
Although the AI track is still at the peak of its bubble, it is still a hot track now and in the future, so it is worth watching.
Among them, although the price of WLD has fallen significantly from its high point, it still holds the leading position in AI concept coins, so it can be included in the bottom-fishing list.
AGIX, on the other hand, has great hype value thanks to its token name, and its main concept is "a decentralized artificial intelligence platform and market that aims to build "a protocol that connects artificial intelligence and machine learning tools and forms effective applications", which is in line with the development trend of the AI X Web3 concept and is also suitable for bargain hunting.
Meme Narratives: PEPE, BOME, MEW
In addition to the good rebound momentum of the above-mentioned tokens, as a representative track of this cycle, the top players in Meme are also performing quite well at present, among which PEPE, BOME and MEW are particularly worth mentioning.
PEPE is a meme token with a high degree of consensus. There is a joke in the circle: "Investing in price is a waste of money, and the frog lives in the palace." So when people think of frogs, the first thing that comes to mind is PEPE coin.
BOME is the top meme in the SOL ecosystem, and compared with projects such as WIF, its price is lower, so its bargain hunting value is relatively greater.
MEW is based on a cat and was recently launched on the OKX platform. It has been quite popular and can be seen as a competition between Binance and OKX.
The above picture depicts the very controversial "bull market where no one takes over from each other".
Looking back and thinking carefully, there is indeed some truth to it. As the market gradually improves, there will be fewer and fewer Fomo projects that can be carried out by the entire network, so what we can do is.
At this stage, find a track that suits you and don’t dream of making all the money in the market. In the end, most of the smart money will flow to BTC/ETH. After you have a certain amount of funds, you must configure Bitcoin and Ethereum.
Remember, if you view your position as a long-term investment, a market drop should be viewed as a gift. It provides an opportunity to buy more tokens.
Finally, it is crucial to have a strategy before making any purchases, and never invest all of your money.
I hope this topic is helpful to you. 🙏Thank you for your likes and support👍
