In the crypto industry, if you want to seize the next bull market opportunity, you need to have a high-quality circle. vx: alpha6588 (add and chat privately to join the group)
The recent market situation has driven people crazy: BTC has been rising all the way, while other mainstream coins and Altcoins have remained motionless, as if they are "playing dead" collectively. Many people may wonder, what is this market situation trying to do? What changes have occurred in market sentiment and capital flows?
Why are other coins not following the rise?
- Limited market capital: Most of the capital is concentrated in BTC, while other coins are temporarily "neglected".
- Sentiment has not fully recovered: Although the rise of BTC has attracted attention, the overall market sentiment is still cautious, and investors are more willing to wait for mainstream or hot coins to have a clear direction before taking action.
- The strategic significance of the difference in gains: BTC, as the leading indicator, often needs to first drive the market sentiment, and then the capital will gradually spill over to other coins.
What to do next?
1. Don't chase the rise easily
When BTC is leading the rise, the risk of chasing the high is relatively high, especially when the capital has not fully entered the market.
2. Pay attention to the spillover effect of capital
Once the upward trend of BTC slows down, the capital may flow to other coins, especially "leading" coins like ETH and SOL.
3. Ambush the hot tracks
Recently, you can pay attention to the Layer 2, Web3 or MEME tracks, as these sectors are often easy to follow up the rise after the strength of BTC.
Worth ambushing the analysis of hot tracks
Layer2 sector worth watching
The following are the coins in the Layer2 sector worth watching, as they have attracted attention due to their technological innovation, market potential and community support:
Arbitrum (ARB)
- Type: New Layer2 public chain
- Features: A new Layer2 public chain on Ethereum, with a stable user base and trading volume.
Optimism (OP)
- Type: Veteran Layer2 project
- Features: The performance of TVL and trading volume is stable, although lower than ARB, but still maintains a certain market activity.
StarkNet (STRK)
- Type: New Layer2 public chain, known for zero-knowledge proof technology
- Features: The TVL is low, but the trading volume has increased after certain events, showing potential for growth.
ZKSync (ZKS)
- Type: Blockchain using zero-knowledge proof technology
- Features: It was once highly anticipated, but due to poor market performance and operational losses, it is currently in a downturn.
Linea (LINA)
- Type: Blockchain based on Starknet and ZKSync technology
- Features: It performed well in the early stage, benefiting from the inflow of the previous two, with relatively high activity, but recently, due to the lack of expectations and the departure of the founder, the trading volume has declined.
Scroll (SCR)
- Type: Unissued project, with high expectations
- Features: Due to the expectation of token issuance, users continue to interact for airdrops, maintaining stable TVL and trading volume.
Web3 sector worth watching
The following are some Web3 sector coins worth watching, as they have attracted attention due to their innovative technical features, rapidly growing ecosystems or significant market potential:
Ethereum (ETH)
- As a pioneer of smart contracts, Ethereum remains the leading platform for supporting various decentralized finance (DeFi) and Non-Fungible Token (NFT) markets. Recently, Ethereum has transitioned to a Proof-of-Stake consensus mechanism through the "Merge", continuing to be the preferred choice for users.
Solana (SOL)
- Solana is known for its high scalability and low transaction fees, often referred to as the "Ethereum killer". It has attracted the attention of projects seeking alternatives to Ethereum in the NFT community.
NEAR Protocol (NEAR)
- NEAR aims to achieve widespread adoption of Web3 through its sharding mechanism and POS consensus algorithm. Its platform is designed for scalability, providing an accessible and developer-friendly environment.
Bittensor (TAO)
- Bittensor is a decentralized platform at the intersection of AI and DeFi, which is the intersection of the two largest trends in the crypto field.
BNB (BNB Chain)
- BNB is the native asset of the BNB Chain and the Binance exchange, and the chain ranks among the top in terms of deployed decentralized applications (DApps) and TVL.
Kaspa (KASPA)
- Kaspa uses a unique Blockdag architecture to achieve extremely fast block addition speeds and low-cost transaction processing. Its network is decentralized and permissionless, and anyone can become a miner.
Cosmos (ATOM)
- Cosmos aims to build a scalable and interoperable blockchain ecosystem, providing a new vision for underlying technology to solve the problems of low scalability and difficulty in building blockchains.
Stacks (STX)
- Stacks is a Layer2 platform secured by Bitcoin, providing smart contract functionality. Its goal is to bring DeFi and Non-Fungible Token (NFT) capabilities into the Bitcoin ecosystem.
Render Network (RNDR)
- Render Network uses deep learning models to generate images, benefiting greatly from people's enthusiasm for generative AI. It has established partnerships with companies like Otoy and Stability AI.
MEME sector worth watching
In 2024, the MEME sector coins worth watching mainly include the following:
Veteran MEME coins:
- Dogecoin (DOGE): As the "cockroach" of the crypto world, Dogecoin quickly rebounds after each correction, showing great resilience. Combined with Musk's frequent "promotion", the popularity of Dogecoin remains high, and the price is expected to hit the range of $0.45 to $0.8.
- Shiba Inu (SHIB): It is currently in a critical breakthrough stage, and once this level is broken, it may trigger a liquidation frenzy of up to $115 million. This is just the prelude to the liquidation carnival, and the total liquidation amount is expected to exceed $1 billion, attracting market attention.
Emerging MEME coins:
- Neiro: Since trading on Binance in September, its market capitalization has risen from $10 million to over $1 billion, an increase of up to 10 times. This dramatic rise has sparked a new round of retail enthusiasm, making it a preferred target for investors chasing short-term returns.
- Pepe Coin: Inspired by the most popular frog on the internet, Pepe Coin has brought MEME culture into the blockchain. With its humorous brand and vibrant community, Pepe Coin has become an interesting and relaxed investment choice.
Creating a high-quality circle is mainly to explain various basic industry knowledge in the crypto world, the rotation of hot sectors, as well as the basic methods of identifying tops and bottoms, how to better grasp this bull market, and a series of knowledge. If you are interested, you can find me, alpha6588 (add and chat privately to join the group)
