Bitcoin bottoms out for the second time, will it continue to fluctuate upward?
At the four-hour level, the lowest bottom is 62600. The two lower shadow K lines show that the bulls below have good pressure-bearing ability and are less likely to continue to fall to new lows. The short positions can be relatively strong, but they have gradually declined; although the long trading volume has not increased, However, the early rebound strength and trading volume were both good; ETF institutions had a net outflow of 93 million yesterday, and the net outflow of funds decreased.
At this stage, there is not much room for maneuver in either contract or spot prices, especially for those who are short Bitcoin. I personally recommend caution. If sentiment rises, the current market volatility could be very dangerous.
In fact, what everyone should be concerned about is nothing more than the weekend stage. Are there any opportunities?
At present, judging from market data, the sentiment for copycats is good. Although it fell, it was brought down by Bitcoin. Funds flow into the market frequently. Although not many people participated in the transaction, it also proved that they were optimistic about the market outlook.
Then all we have left is to wait, waiting for the correction to be in place or for the rebound to break through the stable safety zone. At present, I think it is more reliable to wait for the correction to be in place.
4 10x Cryptocurrencies You Can’t Miss in This Bull Run!
1：SUN
Launched in 2020, Solana is a functional open source blockchain focused on decentralized financial solutions. By combining its innovative Proof of History (PoH) consensus mechanism with Proof of Stake (PoS), it solves scalability challenges, making it attractive to both retail and institutional investors.
Strong fundamentals have fueled Solana’s recent surge in popularity, attracting a large number of users.
This popularity has been further fueled by the launch of popular meme coins within the Solana ecosystem, including the dragon-themed Smog coin, which recently saw a price increase.
This follows the success of earlier memecoins such as BONK, WIF, and MYRO. Solana’s SOL token has also seen significant growth over the past year, exceeding 700%. Many believe this surge is far from over, predicting that Solana could reach $250 by the time altcoin season begins, and if the hype continues, the coin’s price could soar even higher.
2：APT
Built for mass adoption, Aptos is a layer 1 proof-of-stake blockchain designed to support a new wave of user-friendly Web3 applications (DApps) to solve real-world problems.
At its core lies Move, a cutting-edge Rust-based smart contract language that theoretically enables the network to process more than 150,000 transactions per second through parallel execution.
This high speed makes Aptos ideal for building real-world applications on Web3, the decentralized future of the internet. Strong financial backing from leading venture capitalists highlights Aptos’ potential to revolutionize Web3 development.
While Aptos’ token price has remained relatively flat over the past year, it’s worth noting that investor accumulation and blockchain development are still actively underway. This dedication in a challenging market has made Aptos a serious contender in the cryptocurrency world.
Aptos provides particularly fertile ground for launching DeFi projects, and a thriving ecosystem is actively building these projects. The coin is still in the accumulation phase, but as the altcoin season approaches, it is expected to see significant growth and potentially reach new all-time highs.
3：STAKE
STAKE is an asset liquidity staking protocol based on Proof of Stake (PoS). STAKE has now become a leader in liquidity staking, shaping the future of cryptocurrency liquidity staking and contributing to the growth of the DeFi ecosystem.
A lot of people probably don't understand these things yet, so let me tell you some cool things that you know about.
Investment institutions: Binance, Coinbase, Red Shirt Capital, Siren Ventures... investment projects, all-star lineup, also conduct public offerings on Coinlist (general projects cannot be listed at all).
Market value: 55 million, current price: 0.15
Circulation rate: 90%+
It has a characteristic. The daily trading volume is very low, but when it is pulled up, it can be pulled up to extremely high levels, which shows that this is a strong banker coin. There are no external circulation chips at all. There is absolutely no problem with a market capitalization of US$1.5 billion.
There is a high probability that it will be listed on Binance in the future. It is not a big problem to increase by 5-10 times before going public, but there is a disadvantage, that is, it is not suitable for large funds to enter the market and ambush.
4：EDU
To give a brief introduction, it is a decentralized Web3 educational content platform.
Its vision is to use blockchain technology to create a more equitable education system and provide new income-generating opportunities for educators.
In fact, many people are relatively unfamiliar with the education field, but why do I still recommend this coin?
1: The first of the three visions CZ proposed at Binance last year is to popularize blockchain education.
Second: CZ tweeted on the 19th that he would launch an education project
CZ is currently restricted, but for them, this does not affect their desire to launch another project. It's just a verbal PPT now, but I believe it won't take too long to implement as the plan is improved.
Therefore, the current market value ($300 million) of EDU, the only education-related currency in the Binance online version, is not very high.
There's nothing wrong with doubling it five times.
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