With ETH leading the way, these four coins are expected to become the annual "dark horse"! ! !
Upcoming hype hotspot: The United States will usher in a hype boom for Ethereum spot ETFs on May 23. Franklin Ethereum spot ETF code EZET has been launched on the DTCC website. This situation is quite similar to the hype path of Bitcoin, indicating that Ethereum is about to receive enthusiastic attention from the market.
Strong performance and rising exchange rate: Ethereum's market performance is stronger than Bitcoin, and its exchange rate is also gradually rising. At present, the price of Ethereum has successfully broken through the support range of 3165 points, and the trading volume continues to rise, showing strong market momentum.
Select targets and seize rebound opportunities: In the current rebound market, investors should not blindly pursue the rise of the overall market, but should select those targets with strong performance for investment. For those investors who are confused about the overall market trend, Ethereum is undoubtedly a high-quality choice worthy of focus.
Avalanche (AVAX)
As a leader in the first layer of blockchain, it is gradually emerging and is expected to compete with old networks such as Ethereum.
It has revolutionized the blockchain world with seamless smart contracts and decentralized application (DApp) experience. In particular, its three interoperable blockchains (X-Chain, C-Chain, and P-Chain) provide a solid foundation for various blockchain solutions.
AVAX, as the core governance token of the Avalanche network, has soared more than 127% this year. Market indicators show a strong bull market, and it is expected that the big bull market in 2024 will exceed the 100 mark.
Jupiter (JUP) has recorded amazing growth in the past six months, soaring 3827.33%. 👉qun蟋蟀👀娓:tq58956 Last week, its price continued to climb, increasing by 6.96%, and is currently trading between $0.96 and $1.28. This price performance reflects the market's activity and shows a further upward trend for the token after a sharp rise.
Injective (INJ)
Injective has emerged in the DeFi space, powering the next generation of decentralized financial applications on layer-one blockchains. Its versatile infrastructure supports a variety of DeFi functions, including decentralized exchanges, lending protocols, and prediction markets.
Despite the correction experienced by the INJ token from its all-time high of $52, it is still considered a quality investment in the cryptocurrency market. Market forecasts show that INJ is expected to rise significantly in the coming weeks, breaking the $40 mark.
Stacks (STX)
The Stacks protocol has achieved a revolutionary breakthrough in smart contracts by utilizing Bitcoin as a settlement layer, paving the way for seamless transactions on the Bitcoin blockchain. With access to the full Bitcoin state, Stacks has unlocked huge potential to facilitate transactions worth up to $500 billion using Bitcoin as a settlement asset.
Despite the market volatility, Stacks managed to climb to an all-time high of $3.84 in April, and although it subsequently pulled back to $2.58, this just highlights its strong growth potential in the market rebound. With the end of the Bitcoin halving event, Stacks is well positioned for a long bull run in Q2 and beyond.
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Summary:
Avalanche (AVAX), Stack (STX), Single Shot (INJ), and Jup have great potential for growth in the upcoming bull market. Investors can pay close attention to the dynamics of these dark horse tokens to seize market opportunities. Of course, there are always risks in investment. Investors are advised to fully understand the market dynamics and project background before making decisions, and do a good job of risk control and fund management.
