Bitcoin is just one step away from the $100,000 mark, and the market volatility is becoming increasingly intense. It can be clearly observed that as Bitcoin approaches this milestone, other cryptocurrencies are also gradually beginning to perform. Ethereum surged by more than 300 points yesterday, with a gain of over 10%, driving the cryptocurrency to start rising, and this linkage effect is undoubtedly a positive signal. As of now, Bitcoin has strongly broken through $99,000, reaching $99,347, and breaking the $100,000 mark seems to be a foregone conclusion this month.
In retrospect, such market conditions evoke memories of the bull markets in 2017 and 2020. At that time, Bitcoin also attracted a large amount of market capital, exhibiting a strong dominant role, while the response of other cryptocurrencies was relatively lagging, until the actual situation of Bitcoin's dominance loosened, and capital began to flow into other cryptocurrencies, thereby driving the market rotation. Seeing that Bitcoin is now "draining blood," and other cryptocurrencies are temporarily performing flat, I believe the concern is excessive, and we can wait patiently for the opportunity of capital rotation.
At the same time, BNB seems to be accumulating strength. Although the current gains are relatively moderate, the underlying momentum should not be ignored. I have a feeling that BNB is brewing a major breakthrough. The short-term stable performance may be to accumulate momentum, and once the conditions are ripe, it is likely to usher in a strong outbreak. For the current market, patience and strategy are extremely important.
As Bitcoin is about to break through $100,000, the long-dormant Ethereum has also ushered in a strong rebound. It surged by more than 300 points yesterday, with a gain of over 10%.
3 major cryptocurrencies to layout before the Altcoin season arrives!
BONK
BONK is the strongest Memecoin in the Solana ecosystem, and data shows that when $SOL rises, the increase of BONK is usually about 4.5 times that of SOL.
In the market where SOL is rising, the surge of $BONK is extremely exaggerated, becoming the focus of attention and the preferred target of speculators, reflecting its high volatility and the appeal of short-term speculation.
With SOL breaking through key positions and Solana's strong position in the Memecoin field, the market performance of BONK is worth close attention, and it may become one of the highlights in the future market.
APT
Last night, Circle officially announced that USDC and Stripe have officially launched on the Aptos blockchain, and Stripe also plans to integrate Aptos. This cooperation has harvested the potential of the Aptos blockchain in the field of fast, secure stablecoin transactions and commercial applications.
Aptos has gained the recognition of many well-known institutions, including Circle, Stripe, Tether, eHKD, Franklin Templeton, and Aave, injecting strong trust endorsement into the ecosystem development. In the fields of finance and payment, Aptos has shown advantages that other public chains can hardly match, and its advanced technical architecture and strong application foundation, combined with the widespread institutional support, have laid a solid foundation for its continued rise.
OP
Optimism (OP), as the leading Layer 2 project in the Ethereum ecosystem, its ups and downs are often seen as a barometer of Ethereum Altcoins. Currently, many L2 projects, such as Base and Sony, have adopted chains based on OP technology.
Any user transactions that occur on these chains and generate revenue will earn OP. This model endows OP with continuous profitability, thereby having the potential to become a whale in the Ethereum ecosystem. If conditions permit, OP can intervene at any time to restore its own tokens. This not only can optimize the token economic model, but may also further ignite the enthusiasm of the ETH system market, driving broader ecosystem growth.
