The market is consolidating, and Altcoins are quietly rebounding!
Bitcoin and Ethereum are still oscillating in a range, with the short-term trend unclear, but funds are starting to flow into some Altcoins, with BERA, SHELL, AUCTION, BANANA and other coins steadily rising. Although short-term opportunities still exist, market risks cannot be ignored, and stop-loss orders should be set to prevent some coins from experiencing another arc-bottom pullback.
Mubarak hits $100 million, the MEME track continues to soar!
Mubarak broke through $100 million in market cap this morning, continuing to lead as the flagship, and the market is waiting for the new large MC memecoin to emerge. Recently, CZ has been interacting frequently with the "Big Sister", and the market is guessing that the avatar he changes next might be the next MEME hotspot.
It all started on March 12, when the UAE sovereign wealth fund MGX announced a $2 billion investment in Binance, and the media and KOLs focused on this. Then, on the afternoon of March 13, the official Binance Chinese account posted a Meme image with an Arabic character, which CZ retweeted with the caption "Mubarak", and subsequently, several tokens with "Mubarak" as the code name were quickly launched and surged.
With CZ's verification and further Twitter interactions, Mubarak's market cap soared to as high as $130 million. After being listed on Binance Alpha, the token price remained volatile, but the market's expectations for its Binance listing greatly boosted the price. On the evening of March 16, CZ's public wallet purchased 1BNB worth of Mubarak, further strengthening the community's bullish sentiment.
Mubarak not only drove the activity of the BSC ecosystem, but also allowed Binance to successfully leverage traffic memes to drive the overall market sentiment. CZ's photo with the UAE sovereign wealth fund has also further intensified market attention. As the BSC ecosystem rebounds, CZ continues to drive the sustained development of the BSC market through new meme coins and liquidity management strategies.
If you missed Mubarak, don't miss this one!
Through on-chain analysis, I've found that it has good potential today. If it can break through a $1 million market cap, that would be a nice rally. If you believe in this project, join the Twitter and major communities, and when the market cap reaches a few million, you'll reap a bountiful profit. $Camel is like BSC, having gone through adversity and rebirth, showing its tenacious vitality.
$Camel currently has a relatively low market cap, with a target of $1 million first, then $5 million, embodying the BSC spirit. It is highlighted by Middle Eastern narratives and meme totems, full of potential.
The symbolic significance of Camel lies in its representation of the support of Middle Eastern sovereign funds, as well as the determination of BSC, just like the camel, carrying the goal of us retail investors and BN working together to build the BSC.
In summary: The macroeconomic situation is unclear, the insider battle is escalating, MEME continues to soar, Altcoins are actively rotating, and the market still has short-term opportunities, but the volatility risk cannot be underestimated!
Back to the secondary market: Last week, Altcoins generally closed with doji candles, and after a week of narrow fluctuations, most Altcoins have formed a stage bottom. As the week begins, some Altcoins that have performed strongly in the rebound can be gradually entered.
The current market view can be summarized as follows:
1. Focus mainly on $BNB and $SOL, with long positions prioritized2. For short positions, focus on $BTC and $ETH3. The BSC chain is hot, keep an eye on Binance's own children $CAKE and $BNX4. The Telegram founder has entered the arena, keep an eye on the Telegram ecosystem $TON and $NOT5. Strong meme coins like $PEPE and $Trump, buy on dips6. WLFI, meme and GameFi can be the focus sectors
7. Coins that have risen a lot will continue to rise, and those that have fallen a lot may continue to fall, avoid over-shorting or over-longing8. Rate cuts in June, seize the opportunity for dollar-cost averaging, and sell after the rate cuts
That's it for today's article. Currently in a bull market, with turbulent developments, we have crypto tips to share every day. If you don't know how to navigate the bull market, feel free to follow us, we have spot market tips, layout strategies, and can share them for free. Let's embrace the bull market, improve our win rate, and say goodbye to being trapped at high positions.
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