As for the general trend of $BTC in the future, in the short term I think any fluctuation in the range of $61,000 to $65,000 is necessary, which will force those who are not determined enough to wash out.
After a brief correction, $BTC will continue to consolidate in the range of $66,000 to $70,000 before embarking on a strong altcoin season.
While $BTC is a strong support level at $52,000, the news is weighing on the crypto market, so patience is key. The current volatility zone will be exited to the upside, followed by a strong move in altcoins.
AI has been the strongest performing narrative sector in the rally, with many catalysts on the horizon with Apple WWDC, NVIDIA earnings, and ChatGPT 5 just around the corner.
Artificial Intelligence is one of those unique narratives that maintains a constant level of attention due to its endless stream of real-life news/hype.
$RNDR - Thanks to their official 'partnership' with Apple, it has also become a leader in the field of artificial intelligence as we witness narrative rotation.
$NEAR, $FET, $AIOZ - Many AI alternatives have rebounded cleanly from support and made higher lows, fueled by artificial intelligence.
$ENA - Funding will undoubtedly return to positive territory as the market is bullish again, which is inherently good for Ethena. The team has also been building hype lately with more reward increases announced and the founder tweeting ‘big week’.
Rumors are also heard about a T1 exchange listing, but in the medium term, ENA will reflect based on the funding rate and it will outperform during bullish periods and vice versa.
$JTO - Source: Jito is reportedly building a ‘feature layer for Solana’ — essentially reinjecting SOL.
Given the hype surrounding Eigen, we could see something similar at JTO if the team can pull it off.
$ETHFI - Despite the sell-off of many LRT related tokens following Eigen, TVL appears to be increasing.
Personally, I think some of the sell-offs were overreactions and some of these tokens may see mean reversion (another good example is $PENDLE).
Here is my list of cryptocurrencies to research for May:
$FTM - Major upgrade with Fantom Sonic.
$NEAR - A multi-chain abstract paper with an impressive tech stack.
$TON - Mini Programs are the next big thing in mobile blockchain.
$TIA - The market leader in modular DA, with more airdrops for stakers to come.
$ARB - Appchain will be the next big narrative and Arbitrum is leading the way with Orbit.
$STX - Promising BTC sidechain as Satoshi upgrade reportedly comes soon.
$KUJI - The hype around it has died down, but still want to research it.
Trends of popular projects that have not yet been launched:
Monad_xyz - New L1 with lots of capital, scalable via parallel execution.
Karak_Network - Eigenlayer competitor.
Pumpdotfun - Memecoin launchpad interesting bonding curve, integrated with Sanko.
MultiversX - A distributed blockchain network for next generation applications, the recently announced sovereign chain.
Aerodromefi - A strong beta game for the base.
Remember, if you view your position as a long-term investment, a market drop should be viewed as a gift. It provides an opportunity to buy more tokens.
Finally, it is crucial to have a strategy before making any purchases, and never invest all of your money.
I hope this topic is helpful to you. 🙏Thank you for your likes and support👍
