Yesterday the market pulled up and then pulled back. We can see that a needle was formed at the daily level. Judging from the current trend, it is currently in a sideways state. In the short term, the overall market will be in the range of 68000-61500, while Ethereum will be in the range of 2520-2700, and Sol will be in the range of 140-150.
Yesterday, a domestic game "Black Myth Wukong" was launched. It became popular both at home and abroad, and also led to the rise of related stocks. At the same time, web3 also launched some activities following this wave of popularity. Now that this game is so popular, will the game sector of the crypto also keep up?
Next, the PUMPs of all major chains will come out, and then just like the last time when the entire chain was inscribed, there will be crazy hype. I think you can participate appropriately in the pumps of the first five chains in the early stages, but you must remember to convert your profits into Bitcoin.
Some views on the crypto:
It has been around since August last year that there have been many irrational fluctuations after the New York market opened. Now it is becoming more and more obvious. I have talked about this many times before. I call this phenomenon "Americanization of the stock market."
Some people may call this situation the work of a dog dealer, but in fact, this matter is of great significance to Bitcoin. It means that there are more institutional participation than before, and more funds are involved in Bitcoin transactions during New York time. This also means that the Bitcoin asset is gradually approaching a mature market.
In the short term, it may be very difficult to trade. After all, technical analysis is not as advantageous as it was in 2018, 2019, or 20 and 21. It requires more patience, otherwise you will become a victim of liquidity.
But in the long run this is not a bad thing, as it means that the market cycle will be extended to a very long time, which means that there may not be the kind of bear market with very long one-sided declines and small fluctuations at the bottom as in the past.
In other words, we may be in a long-term slow bull market, and the bear market will most likely only occur in Altcoin, which is caused by the shortage of liquidity.
A few months ago, the meme sector exploded, the sol chain on-chain meme craze, and the VC coins were boycotted by retail investors a while ago. Until these few days, retail investors have gradually shifted from PVP of memes on the sol/eth chain to PVP of small coins with low market value in the BN contract market, such as rare, sys, and even many NFTs are now starting to move.
This way of fund rotation also highlights the more serious problem of liquidity shortage in the entire crypto. Which of these VC institutions and big funds does not want to see a big bull market like the last round? After all, there are more leeks to be harvested and fewer people to complain.
The bear market in the altcoin market is absolutely inseparable from the shortage of liquidity. If most valuable altcoins do not have substantial positive impact and no growth in existing users, they are likely to be in a cyclical bear market.
So don’t worry too much about the market in small cycles, focus on the most mainstream currencies, and look at the long term. We can no longer use the cycle of the last bull, bear, and altcoin season to view the current market.
By observing the rules of Binance listing coins, can we find the next code to wealth?
1 Binance likes to launch several projects in the same sector in this way.
For example, the recent Ton ecosystem has launched NOT, BANANA, TON, and DOGS. Several chain interoperability projects were launched around April, including AXL, W, and OMNI. In February, several GameFi projects were launched, including RONIN, PIXEL, MAVIA (contract), and PORTAL. Several modular projects were launched around January, including TAI, ALT, and DYM.
SOL ecosystem projects include JUP, PYTH, TNSR, and W. In March, MEME projects such as BOME and WIF were launched.
The possible reason behind this is that Binance wants to support a certain sector in a short period of time, create a hot spot in the market, and drive transactions. This can give us some inspiration. After the first project is launched on a new sector, there is a high probability that Binance will list the excellent projects behind the same sector.
2. The new projects launched on Binance are basically new sectors in this round of bull market.
Compared with TON ecology, Layer2, AI, Bitcoin ecology, ETH Restaking, chain interoperability, sol ecology, and modularization.
Some sectors have existed since the last bull market, but in this cycle, the market has given them new expectations, such as GameFi and MeMe sectors.
Therefore, if you want Binance to be listed, it is best to focus on the new narrative.
3. The sectors launched on Binance will often be affected by the current trends.
At the beginning of the year, when GameFi was popular, Binance launched several GameFi projects intensively. In March, when MeMe on the SOL chain was popular, Binance launched BOME and WIF.
When everyone was talking about Ton recently, Binance launched several Ton ecosystem projects.
Therefore, when a sector becomes a hot topic, it is easier for projects in it to be launched. Binance’s preference for listing coins is already quite obvious, as they like hot topics, new sectors, and multiple projects on one sector.
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