The cryptocurrency market continued to show volatility, with major digital currencies experiencing large price swings. Bitcoin struggled to maintain its price above $63,000, which had a negative impact on investor sentiment.
Uncertainty in Bitcoin Bitcoin is currently hovering around $61,000 after failing to sustain higher levels. This has led to an increase in selling pressure and Bitcoin is crucial in holding the $60,000 support to prevent further declines.
Deep Market predicts that Bitcoin must remain above $60,000 to prevent a bearish trend across the market. If Bitcoin continues to fall, Solana and LUNA may face further declines. Market volatility is expected to increase after the release of inflation data.
Investors and traders alike should prepare for the possibility of increased volatility as the week progresses. The results of upcoming economic reports will be crucial in determining the short-term direction of Bitcoin and altcoins. Ultimately, the cryptocurrency market remains a complex and dynamic environment, and investor sentiment can shift quickly based on external economic factors and internal market dynamics.
Therefore, a cautious approach is still advisable.
ONDO, SSV, and BOME, these three coins have huge potential in the future, let’s take a look.
ONDO
ONDO has been on an upward price trend since it was listed in January this year. Since February 1, ONDO has risen by 433% and set an all-time high of $1.05 on March 31. The Altcoin has been creating higher highs and higher lows with no signs of slowing down.
The main reason behind ONDO’s rise is Blackrock, a multi-billion dollar American investment company. Blackrock was responsible for launching the Bitcoin bull run after submitting a spot ETF application in mid-June. When the investment company announced the launch of an Ethereum-based tokenized fund on March 20, the so-called BlackRock effect spread to the real world asset (RWA) category.
Interestingly, the price of the favorite Ondo formed a bottom on March 20 and initiated a 172% rally. The RWA narrative remains alive and well due to the BlackRock effect, which is one of the main reasons for the continued rise in Ondo’s price. Due to this rise, ONDO’s 30-day correlation with Bitcoin has dropped to 0.34, a level not seen since February 19.
SSV
Although SSV has experienced a lot of pullbacks, it does not affect its long-term value. In a world of cryptocurrency and blockchain that is changing with each passing day, SSV is like a shining new star, injecting new vitality into the Ethereum ecosystem.
SSV is not only a decentralized staking infrastructure, but also a platform that enables secure and private communication between parties without intermediaries or third parties.
SSV is a strong currency in the Defi sector, and is related to the Ethereum system. It has many stories and is jointly invested by CB Exchange, DCG, and OuYi. It is a Wall Street Jewish project, and its founder is the CEO of BloxStaking.
If you don’t have enough SSV positions, or your own volatility positions are not enough, please note that SSV has confirmed its cooperation with LDO. The current TVL growth rate is very fast, and it will explode after the overall market stabilizes, so don’t be short or hold a light position. If you don’t have enough positions, add positions at the $35 level. The potential of SSV is simply a rocket ready to take off.
BOME
BOME Overall, BOME is not bad. According to official data, the current price of BOME coin is 0.01 US dollars, which is lower than the historical highest price of 0.19 yuan. The issue price is unknown. The current market value is 744 million US dollars and the circulation volume is 55.2 billion. Overall, the current market development of BOME coin is not bad.
BOME coin’s future expansion plans incorporate Bitcoin inscriptions for immutable permanent storage, an initiative that aims to usher in a new era of decentralized social media, making memes unstoppable. In addition, it will be combined with a digital book that is intricately linked to token metadata and enriched with images stored on IPFS, arweave, and ONCHAIN.
In addition, it offers a decentralized social networking application, meme creation tools, and CC0 Meme clipart collection, providing a comprehensive memecoin experience unlike any other. The launch of BOME on the Solana network is significant, especially in the context of the recent influx of users in the ecosystem. Solana's surge in adoption and user activity has further enhanced the appeal and visibility of projects such as BOME within the ecosystem. Together, these factors have increased investor interest and optimism about BOME's future prospects in the cryptocurrency market.
There is no threshold to join the community, no fees, no exchanges recommended, daily sharing of potential currencies within the group, and market analysis!
If you have any questions, you can ask me
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