Recently, the market has been fluctuating too quickly, and I even have to refresh the K-line chart repeatedly to confirm I'm not seeing it wrong: Bitcoin is starting to move sideways at a high level, while Ethereum directly takes the lead in rising, rushing straight to the $3,100 mark! ETH's wave is too strong, almost giving a "MicroStrategy 2.0" feeling, with funds starting to flow significantly into Ethereum. The E-guards are finally going to hold their heads high!
Meanwhile, the whale's selling pressure was quickly digested by the market. As long as this ancient OG temporarily stops dumping, there's still more to see in the market. ETH breaking $3,100 is not just about Ethereum's strength, but more about opening the floodgates for Altcoins to fully activate.
Altcoins start to stir, where are the opportunities?
Let's look at the Altcoin Season Index, with the latest value at 39, which has rebounded more than double from the June low of 15. What does this mean? In the past 90 days, over 30% of mainstream cryptocurrencies have outperformed Bitcoin. Altcoins are quietly gaining momentum!
Especially after the top Altcoins rise, market attention will rotate to those "high-quality catch-up potential stocks" that haven't risen yet. What you need to do now is: don't follow the trend and chase highs, but focus on projects with strong fundamentals that haven't been overhyped. The current market has entered a stage of competing in research and foresight. Whoever discovers treasure projects earlier has the chance to take the fattest bite.
Recent projects and opportunities worth noting:
Plasma: A "Ethereum" for stablecoins?
Plasma, a new public chain invested by Tether's parent company Bitfinex, Peter Thiel, and Framework, has raised $27.5 million in just two months, with a valuation directly reaching $500 million. This project focuses on a global stablecoin settlement system, having just launched its testnet, with its TGE worth watching.
New hot coins like WLFI, Pumpfun, #JTO keep emerging, with public sales/perpetual plays taking turns. Don't forget these are the easiest to take off quickly during a bull market.
SOL chain is frequently in the spotlight. Even projects with "zero potential" have become relatively "stable" recently, such as #Useless, #Kungfu, #Wangchai performing brilliantly. Some funds are shifting from mainstream coins to this area, don't underestimate the short-term elasticity of small coin chains.
After looking at Altcoins today, here are three Altcoins to watch:
#LUNC: Currently forming a bullish flag pattern on the 4-hour level, price still above the medium-term line, approaching the upper resistance area. Breaking through could trigger a bullish move, with a chance to go long even on a pullback to the medium-term line.
#RENDER: Oscillating within an ascending wedge, having rebounded from the lower boundary and approaching the upper boundary. It will either break through and strengthen or break down with a short signal, so keep a close eye on it.
#HYPE: On the daily chart, it's a steady bullish channel. Each pullback to the medium or lower line is quickly bought up. Currently oscillating near the upper channel. As long as it stays above the 9-day moving average, the trend still has potential. A breakthrough of the upper line could accelerate directly.
This market has shifted from the "main upward wave" to "structural rotation".
Bitcoin is oscillating at high levels, Ethereum is taking over the attack, and Altcoins are taking turns igniting. The market is in the true mid-stage of a bull market.
Now is the time to compete in rhythm, vision, and research - not about chasing whoever is rising quickly, but about who quietly ambushes when no one is paying attention, waiting for the wind to come, with a sudden surge being the most delicious.
Don't wait until Ethereum flies to $3,500, SHIB makes the trending list, or Plasma's airdrop list is announced to think "should I get on board". In a bull market, seizing the initiative is the biggest victory.
That's it for the article! If you're feeling lost in the crypto world, consider joining me in layout and harvesting from the market! You can join the community without threshold via WeChat+QQ group to get market analysis, Altcoin operations... WeChat: c13298103401 or QQ: 3806326575
