Today is 519, will the market fall sharply?
First answer: No
The market has completed the necessary adjustments and should be ready for a new upward trend.
From a technical point of view, Bitcoin has already experienced a wave of corrections, and the probability of a further sharp drop is not high. On the contrary, this time the price is at a low point, which is a good time to rise.
Unlike the last time on May 19, when the price was at a high point and the market needed a deep clean-up, this time the market has completed the necessary adjustments and is ready to welcome a new upward trend.
In addition, from a macro perspective, the passage of the Bitcoin spot ETF means that big capital is entering the market, which will bring more liquidity to the market. At the same time, the interest rate cut is imminent, which will further drive funds into the Bitcoin market. More importantly, the cost of Bitcoin has risen sharply by more than $40,000 after the halving, which means that the room for decline is very limited.
Although the market is always full of uncertainty, overall, the Bitcoin market is expected to smoothly pass through this critical moment.
As the market starts to recover after entering the greed zone, it is time to buy these popular altcoins. Check to see if the hype is true.
As the market moves from neutral to greedy zone, now becomes the best time to enhance your portfolio to take full advantage of the bullish market conditions. After weeks of slow or sideways market movement, many cryptocurrencies lost their gains, but now the prices will rise. Now is not only the time to invest in Bitcoin, but some altcoins can also make the same profits. That is why in this article, let us discuss five popular altcoins worth keeping an eye on.
Solana
The hype for Solana started after its meme coin, which made huge profits in this slow market. Just recently, Solana started to recover its value as the cryptocurrency market recovered. Solana’s coin is trading at $173.56 and just gained 18% this week. Following last week’s excellent performance, the altcoin is currently close to its ATH record of $260.06.
BABY
PEPE has become a top choice for altcoin investors due to its high goals and achievements. This year alone, PEPE has tripled to a new ATH, bringing profits to investors. Just recently, PEPE hit a new all-time high of $0.00001156 and is currently trading at $0.000009459. Impressively, PEPE set this record when the cryptocurrency market was in a downturn. Now, when the bull run arrives, expectations have risen to a new level.
Dongbi
The hype of Toncoin started after it participated in Telegram’s advertising payment program. Through its continuous cooperation with well-known social media platforms, Toncoin has also established its own image in the crypto market. As of the time of writing, it is trading at $6.47, which is only 15% away from the ATH target of $7.65 set a month ago. If the trend of this altcoin continues, a new ATH may be seen in the coming days.
Chainring
Chainlink has surged 22% in the past few days, bringing its value to $16.46. The altcoin has continued to surge since November 2023 and has seen its biggest profits in March. As one of the top 20 cryptocurrencies on CoinmarketCap, Chainlink is the perfect altcoin to include in your portfolio while waiting for the altcoin season.
Dove Hart
Dogwifhat is one of the most popular Solana meme coins that gained popularity within minutes of its launch. Over the past five months, dogwifhat has made it to the top of the gainers list due to its consistent rise. As of the time of writing, it is trading at $2.58 and has the potential to surge to $10 this year due to its popularity and market demand. Dogwifhat showed its best performance in March and a market recovery will spark the same rally again.
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