There may be another wave of corrections in this round. The 5.9-6.3w range in the figure is a support range, and it is also a very good position to open/increase a position in my opinion. I subjectively believe that the correction is most likely to end here. 5w2, if there is no black swan event, it is basically impossible to achieve!
This correction cycle of BTC may be relatively long. I don’t think it will end in a few days and reach a new high. There will be a round of shocks in the future.
Reasons why you must adapt to Altcoin during the bull market stage:
In every bull market, after the BTC owners rise, there will be a wave of copycats. But this time it will not be like what others said, "the funds will flow in through ETFs, and traditional funds will not flow into copycats." Because the fact is not In this way, the rate of additional USDT issuance is greater than the net inflow of ETFs, and the crazy net inflow of ETFs in the past two months is only US$12.1 billion (did you think that the net inflow of ETFs was greater than the additional issuance of USDT?)
Which coins are worth paying attention to right now?
AKT (Akash): Decentralized Cloud Computing (GPU)
The leader in the GPU track, a long-standing project in 2020, and a resident guest of top AI research reports (high visibility).
However, mainstream exchanges such as Binance, OKX, and Coinbase are not listed! ! ! Recently, Binance Futures announced the 22 voting tokens that Binance users most want to list, and AKT is among them. In addition, Io.net, which is also on the GPU track, has become popular recently and is waiting to issue coins.
Based on these two "expectations", AKT has a high gold content and may explode due to news at any time. It is a high-quality target in the long term and can accompany the entire bull market.
RNDR (Render): GPU-based rendering network
RNDR and NEAR are two currently announced projects that have been invited to participate in the NVIDIA GTC24 conference. The founder will give a speech on "The Future of Rendering", which is to preach RNDR to AI practitioners around the world. Affected by this news, RNDR has "jumped the gun early." The NVIDIA conference will be held from March 18th to 21st. Before and after the conference, the hype surrounding NRDR will become more frequent.
AR (Arweave): Storing concept coins
AR is a storage concept coin that is second only to FIL in popularity, but recently it launched AO, a parallel and scalable computer network. Some people jokingly call it a member of the "Ethereum killer" army. The special thing about AR is that the tokens are fully circulated, with a market value of 2.9 billion. Under the new concept, compared with ARB, which also has a computing layer, its market value ranks 46th, 3 places higher than AR, with a market value of 3.1 billion, but its fully diluted market value (FDV) is 21.1 billion. Think about it, how much space there is for AR.
Cryptocurrency gaming has been the dominant narrative of the last bull run, and this time it’s poised to lead again. Most people don’t even know how big the gaming industry already is. Let’s look at some impressive facts that will make you bullish on this narrative:
The gaming industry is bigger than the entire music + movie industry combined. The gaming market is expected to be worth US$1.1 trillion by 2030. With over 3 billion active gamers, the scale of this story is massive!
New currency:
ACE - Big Community - Cheap gamefi ecosystem
XAI - Offchainlab Darling - Push $XAI to create fomo for Arbitrum Orbit
Recommend two spot passwords with relatively large opportunities in the near future:
RLTM current quotation: 0.0828u is a project launched in September last year. It broke out once recently but was quickly smashed back to the origin of the rise. The current circulating market value is 683W and the total amount is 10Y. The current circulation is 8084W. It is the spot spot of the Metaverse sector. You can buy some. Hold it for the medium and long term (do not hold heavy positions), and the expected increase is more than 100%!
POLYX is currently quoted at 0.227u rwa track, the project at the end of 2022, with a total volume of 7.45Y. The current circulation is 6.13Y and the circulation market value is 1.39Y. Now this position is also near the daily support. You can build a first position below 0.2 to replenish the spot in batches and hold it in the middle line! The expected increase is more than 80%!
Market analysis:
Dapanzi is currently oscillating upward on the 4H level minor meridian. Today, the minor level retracement failed to fall below the meridian support range, and it directly reversed V and closed upward. At present, the main trend is still a volatile market. The time for the Bitcoin halving is getting closer and closer. According to the current market feedback sentiment, it is expected to reach a new high!
The trend of Ether is still weak. This wave of decline directly fell to around 3400, which is almost a correction of 700 dollars. It can still be used as an ambush target before the BTC is halved, and it is much more stable than other mainstream copycats. After all, it is Prince. The consensus is there!
I am reminded once every issue. Why don’t you buy when the market dips? Every drop is an opportunity to increase your position. This sentence is also emphasized to you all the time! And it has been verified many times before and after. Never get too entangled in what has happened. After all, you have to look forward to everything. Whether you can eat meat in the future is the key! Buying on dips before a bull market never goes out of style! It’s okay if this wave miss the pump. There are really too many opportunities in the future. Never get too entangled in what has happened, let alone lose your mind, otherwise the assets will not increase in value and may even face the risk of zero!
Finally, there are still many things that have not been written in, such as specific opportunities and specific decisions. These things often cannot be summarized in one article.
If you want to know more about wealth codes, or if you have any questions, follow the public account: CryptoConan
