Two consecutive days of sharp declines caught many people off guard. Whether they continued to hold on to their coins and wait for a recovery or were liquidated, all the bigwigs remained silent, as if waiting for a critical moment to come.
Looking back at the last bull market in 2021, according to the analysis of historical market conditions, we may be at the third top now. Last night's sharp market drop directly broke the sideways pattern of nearly a month and brought the market to a new low, which is surprisingly similar to historical data! As for whether there will be a fourth top, we cannot predict it at present, but what we know is that the bull market needs to bow its head and drink water. After drinking enough water, the bull can take off again.
Buy or wait and see?
The key is how you view the current market situation. If you have always wanted to buy: then it doesn't really matter whether you buy now or later. If you choose to buy now, and the price goes up later, you may regret why you didn't buy decisively when it plummeted. If the price goes down later, you may regret why you didn't buy decisively when it plummeted last time, and why didn't you wait until now to enter the market?
The heart of the matter is that unless you have the foresight of a prophet, you may face regret whether you decide to buy or sell.
Will it continue to fall in the future?
We need to pay attention to the situation in the Middle East. From the perspective of the overall macro environment, the actual changes are not as drastic as the market reacted last night. Therefore, after a sharp drop at this position, a restorative market will appear. Of course, we are still in a bull market, and it is very normal for a bull market to have many sharp drops. And looking at Bitcoin's K-line, it is still in a high large box. So logically, I think there is nothing to worry about, especially for Bitcoin and Ethereum. The market is still an incremental market, and its elasticity will be stronger than other assets.
Xiaobi fell sharply last night, and panic selling poured out. This is a very good opportunity. Xiaobi used one night to liquidate a large amount of long leverage, becoming healthier and more worthy of participation. You can pick up some bloody chips in the short term.
SSV:restake middleware, low market value and big potential
JTO: SOL liquidity, low market value and great potential
ONDO: Strong coin, expected to be listed on Binance
PENDLE: Interest rate swap tool, TVL exceeds 4 billion US dollars, still has a lower market value than similar protocols
TIA: Modularization, continuous decline has a certain buying value
AR: Sharp drop without volume, strong rebound, there is a banker behind it
FOXY:MEME coin, the trend is stable after going online, and there is still a chance to rise
BTC is about to start halving. We have discussed the market situation before before. There will definitely be panic trading, and it turned out to be true.
The worst outcome for the market is around 50,000. After the halving, the mining cost of miners will be over 50,000. Even if 60,000 is broken, it will not fall too deep. The corresponding range of 58,000-55,000 is what everyone often calls the last chance to get on board. This is the current view.
So these few months do not mean that the market will not rise. In the subsequent operations, you must keep 3 layers of positions for risk hedging and picking up bloody chips!
Comparing the trend of Bitcoin before and after each halving, it basically reached a new high in the following month. The bigger market trend is still to come. Too many people get carried away and bet high when they lose money, and then lose all their chips.
Keep a calm mind and hold on to your chips. There will definitely be opportunities after the halving, so don’t rush.
One thing to always remember is: rise is risk, fall is opportunity!
As long as the market falls, it is actually a good time for us to make arrangements!
Judging from various comprehensive factors, it is obviously too early to talk about the end of the bull market cycle. Therefore, there is actually nothing to worry about in the current market. If you have funds, you can buy at the bottom and invest regularly. If you don’t have funds, just hold your positions and wait!
11 New Project Tokens Coming in Q2
Recently, Binance has launched new projects one after another, and the market value of the projects has risen sharply.
Historically, during bull runs, new coins have performed much better than older tokens.
Representative ALT, JUP, ETHFI and ENA projects as examples
New projects mean new opportunities, here is my watchlist of upcoming tokens in Q2:
LayerZero_Labs
The most popular cross-chain interoperability protocol.
A year after raising $120 million at a whopping $3 billion valuation, the protocol is finally preparing for its token launch
Tfm_com
An all-in-one terminal for the Cosmos ecosystem.
It is basically a super aggregator on Cosmos
Eigenlayer
Highly successful rehypothecation protocol, attracting over $11 billion in TVL in less than a year
1intro
Sol Launches Advanced DEX and Liquidity Onboarding Platform
This will be the first (LBP) Liquidity Bootstrapping Platform
EclipseFND
Ethereum’s first L2 powered by the Solana Virtual Machine
The project recently raised $50 million in funding from investors including Polychain Capital and Delphi Ventures
NATIXNetwork
The first AI-powered dynamic map enhanced by DePIN
In short, the project encourages users to map their surroundings.
Symm_io
Building a new trading primitive to enable leveraged trading of any asset
Zksync
One of the top Ethereum L2
IntentX
The largest OTC Perpetuals DEX built on SYMMIO
The protocol supports more than 260 trading pairs with ample liquidity
Current trading volume averages $15 million per day
Ionet_official
Decentralized cloud computing service built on Solana
The project recently announced partnerships with Render Network and Filecoin
Establish partnerships with well-known companies in the industry
Swellnetworkio
The largest token-free liquid staking protocol
The protocol also released its own liquidity re-hypothecation solution
Later this month, it will launch its own Ethereum L2
Market fluctuations are normal. We must remain calm, continue to learn, explore and discover valuable projects.
We need to understand that valuable projects and profitable projects are two different concepts. Whether we can make money depends largely on when we intervene, which is the so-called "timing".
A market decline does not mean that we can relax our vigilance and stop researching valuable projects. If we choose to "lay flat" because the market falls, then when the market rises, we may miss opportunities and even lose confidence.
Whether we miss out when the market is rising or lose money when the market is falling, it is essentially because we fail to seize the opportunity. If we don’t make money, we lose money. Money itself is not high or low, the key lies in how we grasp and use it.
If we miss the opportunity to reduce our position when the market falls, then we need to look for a "rescue opportunity to reduce our position". If we miss even this opportunity, then we should keep a clear head and continue to learn and study, because this is directly related to the success of our next investment.
After the last halving, the market saw astronomical gains:
- $BTC: $8,000 to $69,000
- $MATIC: $0.015 to $3
- $SOL: $0.5 to $250
This time, the impact of the halving will be the greatest.
$BVM and $HULVIN showed strength even during such a huge altcoin sell-off.
$BVM - The Next Generation Ecosystem for $BTC
$HULVIN - A memecoin focused on the Bitcoin halving
I expect the halving effect to have a dramatic impact sooner than expected.
◢Recently, the community has shown a lot of interest in the Bitcoin ecosystem. This is not surprising as BTC has been driving the market higher.
✓ The first quarter of 2024 was an eventful one for BTC, with a surge in spot ETF demand driving BTC prices up 67.0% to a new all-time high. The upcoming halving in a few days marks a major milestone for the entire cryptocurrency industry.
However, the most anticipated event is still to come after April 20th.
The Bitcoin ecosystem has experienced substantial growth and offers a wealth of opportunities, with many exciting projects either announced or about to launch.
After extensively exploring the BTC ecosystem, I have compiled a list of the most attractive potential investment categories:
- Layer2 Solutions
BRC-20
- infrastructure
-DeFi
- Memes
◢With around 94% of all Bitcoin already in circulation and the halving event only 10 days away, the outlook is bright.
The upcoming halving could be a significant catalyst for the growth of the ecosystem, and given the continued expansion of the ecosystem, its impact could be even greater than in the past. The number of projects aimed at making BTC a convenient and attractive asset is increasing over time.
➜Historically, the strength of the BTC ecosystem tends not to be apparent immediately after the halving, but rather weeks or months later.
✓Therefore, the current market volatility is normal.
In an effort to thrive as the ecosystem expands, I have rounded up a few projects that I believe have great potential for growth in the coming months.
Let's explore.
List of tokens in the BTC ecosystem that will explode 100x in the coming months:
◢ BVMnetwork - $BVM
The Bitcoin Virtual Machine is the first modular blockchain meta-protocol that allows you to customize and launch a modular Bitcoin L2 blockchain using top-level modules, including:
- Summary
- Data availability
- Dapp modules such as Uniswap, Compound
- NFT Market
- Provides a new method for building Bitcoin L2
◢ hulvinsol - $HULVIN ~$8m
Simple/no-brainer gameplay. This themed memecoin is focused on the Bitcoin halving.
Memecoin, which is tied to events, has brought in huge gains.
$SOL memecoin has been on a crazy run for the past 4 months
If you like high-risk, high-reward games, this might be one of the best choices for you.
◢ OrangeCryptoHQ — $ORNJ
Orange is a decentralized financial ecosystem that aims to revolutionize user access and management of Bitcoin, BRC20 tokens, Stacks and Ordinals NFTs. The $ORNJ token supports a range of products and services, including secure wallet solutions and decentralized exchanges, thereby enhancing the user experience in the Bitcoin DeFi space.
Orange features:
• Orange Wallet: A secure, decentralized, non-custodial wallet for managing Bitcoin, BRC20, Stacks, and Ordinals NFTs.
• Orange Swap: A non-custodial decentralized exchange that makes it easy to exchange NFTs.
• Orange Marketcap: Comprehensive market aggregator providing data and statistics on various NFTs.
• Orange Explorer: A dedicated Bitcoin blockchain explorer focused on transactions within the world’s top blockchains.
• Orange Assistant: A chatbot based on a large language model that provides rapid crypto industry insights.
• Orange Rewards: Loyalty program for dedicated token holders.
• Orange Indexer: Efficiently extract, store and index transaction data from the Bitcoin blockchain and Bitcoin meta-protocol.
◢ ZeusNetworkHQ — $ZEUS
Zeus Network is a permissionless communication layer that integrates Solana and Bitcoin, enabling users to easily navigate decentralized applications. It ensures asset security through their respective protocols, combining Solana's scalability and fast transaction capabilities with Bitcoin's security and trust, enabling developers to create a diverse range of applications and services.
Features:
• Native Staking / Wrapping Bitcoin with Solana DeFi Profits
• The fluid part of the bribery system
• Native Bitcoin-collateralized stablecoin on Solana
• Native and cross-chain NFT tools between Bitcoin and Solana
• Native lending and borrowing from Bitcoin layer to Solana
◢ VelarBTC — $VELAR
Velar is a liquidity protocol that aims to unlock the full potential of Bitcoin by facilitating DeFi on the Bitcoin blockchain. With the launch of sBTC by Stacks, Velar will open up $500 billion of potential Bitcoin liquidity to financial protocols. It acts as a gateway to issue and trade tokens on the Bitcoin blockchain, providing rewards to users who provide liquidity to the asset pool.
Velar features:
• DeFi on Bitcoin: Leverage the security and liquidity of Bitcoin to create a powerful DeFi ecosystem.
• sBTC Integration: Unlocking the massive liquid value of Bitcoin for DeFi applications on the Stacks blockchain.
• Token issuance and trading: A platform for issuing and trading tokens on the Bitcoin blockchain.
• Liquidity provision and rewards: Users earn rewards by providing liquidity to asset pools.
• Accessibility and inclusivity: Providing user-friendly interfaces to make Bitcoin’s DeFi ecosystem accessible to a wider audience.
◢ Runes Protocol
The Runes Protocol is a new alternative token protocol for Bitcoin that aims to simplify token creation and management while ensuring compatibility with Bitcoin infrastructure, providing an alternative to the BRC20 standard.
Features of Runes Protocol:
• UTXO-based structure: operates within Bitcoin’s native UTXO model to reduce unnecessary UTXOs.
• Simplified token management: Addresses scalability and performance issues.
• User-friendly protocol design: Prioritize simplicity so that it can be used by a wider range of developers.
• Flexible balance allocation and transfer: Leverage OP_RETURN transactions to ensure protocol integrity.
