As soon as May began, market sentiment had a significant change, and the greed index dropped directly from 67 to 43. As a result, the price of Bitcoin rose to around $64,000.
Although the US ETF has experienced new breakthroughs in recent days, leveraged bulls seem to have been suppressed to a certain extent, and the inflow of Hong Kong ETFs is far lower than expected, coupled with the shrinking liquidity and data inflation in the macro aspect of the United States, the market has also tightened. But even so,
We still believe that Bitcoin at $70,000 is definitely not the main boundary of this bull market. In the next six months to a year, this market is still worth looking forward to.
Although history will not repeat itself, it often rhymes. Next, the biggest expectations of this market are two, one is the passage of the Ethereum ETF, and the other is the interest rate cut by the Federal Reserve. I think these two things will definitely happen, it's just a matter of time, and every current pullback is still an opportunity for you to increase your position in batches.
These 4 cryptocurrencies are worth buying now!
Ethereum (ETH)
Ethereum is the second largest cryptocurrency, known for its powerful DeFi ecosystem and smart contract functions. Over the past year, Ethereum has experienced a substantial growth of 63.29%, showing a resilient upward trend.
This growth is likely to continue as the U.S. Securities and Exchange Commission (SEC) considers approving a spot ETH ETF, which will increase mainstream adoption. In addition, the expansion of DeFi projects within the Ethereum network highlights its versatility and potential for real-world applications. These factors, coupled with Ethereum's continued technological advancement, make it a solid choice for investors.
Audi
Ordinals Protocol: This is a blockchain-based platform built on top of the Bitcoin network. It allows users to burn digital content such as text, images, audio, and video to a single satoshi (the smallest unit of Bitcoin). This creates a new type of digital asset with unique characteristics on the Bitcoin blockchain.
ORDI Token (ORDI): This is a cryptocurrency that operates independently of the Ordinals Protocol. 💰君羊秆👀玮:1138798731It is the first token created on the Bitcoin network using the BRC-20 standard and is often associated with the Ethereum blockchain.
The Ordi platform has recently gained attention for its innovative use of the Ordinals protocol, which integrates data directly into Bitcoin’s smallest denomination, the Satoshi. By leveraging the vast resources of 2,100 trillion Satoshis, Ordi facilitates the important data storage function of the Bitcoin blockchain itself, without the need for additional tokens or changes to the blockchain’s fundamental structure.
However, ORDI has encountered significant challenges over the past two months, falling from a high of nearly $90 to stabilizing at $30 this week. If the broader market rebounds, ORDI prices are likely to rebound to new all-time highs!
BOME
The founder of BOME is none other than the mysterious crypto artist Darkfarms 1, who has a vision to immortalize Memecoin.
BOOK OF MEME (BOME) is a memecoin on the Solana network and an experimental project that aims to redefine web3 culture by incorporating memes, dedicated to encapsulating the evolving meme culture in a digital compendium.
A simple idea has grown into a phenomenal Memecoin with a market cap of over $1 billion, and BOME has easily captured the hearts of investors around the world.
Since its launch, BOME has experienced an unprecedented surge in value. As of the time of writing, BOME's latest transaction price is $0.16656, a 24-hour increase of 12%. Its market capitalization is also $912 million, ranking 105th among cryptocurrencies.
Dogecoin
Dogecoin is the leading meme coin by market capitalization, which has risen to fame due to the attention and recognition of Elon Musk. Although Dogecoin started as a meme, it has achieved remarkable growth - more than 27,000% since its inception.
This extraordinary rise is largely due to Musk's interest and his suggestion that DOGE can be used as a payment token for various services.
The renewed interest in memecoin in 2024 may further promote the popularity and mainstream adoption of Dogecoin.
Considering these factors, Dogecoin has the potential for substantial growth, especially if it is more widely used as a payment method.
Recently, global electric car giant Tesla released a message on its official website that made the cryptocurrency world boil: Tesla added Dogecoin (DOGE) as a payment method.
As the world's leading electric car manufacturer, Tesla's decision to accept Dogecoin payments will undoubtedly inject new impetus into the development of Dogecoin.
As more and more merchants and businesses begin to accept Dogecoin payments, the circulation and usage scenarios of Dogecoin will be further expanded, and its future prospects are worth looking forward to.
