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Bruntz has practiced Elliott Wave Theory, which suggests that bullish assets typically consolidate within an ABC corrective wave after experiencing a five-wave upward trend. "BTC's biggest pain is breaking the high, making everyone re-enter due to FOMO (Fear Of Missing Out), thinking it's some kind of triangle breakout, and then BAM, back to the bottom of the range before the real uptrend kicks in." According to the chart, it seems to imply that BTC will surge to $76,000 but then drop to $64,000, before rebounding to a historic high of $82,000.
As of writing, the value of Bitcoin is $7,675, down nearly 3% in the past 24 hours.
Regarding altcoins recommendations:
1. XRP:
XRP whales have become active again, transferring 56 million tokens. This has sparked significant investor interest in XRP price fluctuations. XRP, supported by Ripple Labs, has caused a speculative frenzy in the global cryptocurrency arena today due to its highly volatile price trajectory over the past 24 hours. The recent transfer of nearly 56 million XRP tokens has attracted widespread attention among investors amid increased volatility. These transactions have raised speculation about whale actions regarding the asset, as data suggests both selling and accumulation activities. Meanwhile, the high volatility in XRP's price trajectory has raised questions among investors about the future price trend of the Ripple-supported token. Currently trading at $0.6184, XRP's open interest in futures contracts surged by 3.05%, while trading volume increased by 49.94%. This highlights the optimistic outlook for XRP in the market, with signs of broader cryptocurrency market recovery further enhancing positive sentiment about XRP's price trajectory.
This has added a bullish tint to the token, with widespread expectations in the market for XRP to reach $1 in April. The potential uptrend has further piqued investors' curiosity.
2. NFT:
As a pioneer in the web3 fintech space, NFTFN addresses various challenges surrounding the non-fungible token (NFT) market. Its flagship product, SuperNova (SNV), is an innovative decentralized exchange (DEX) offering investment opportunities in blue-chip NFTs like BAYC, MAYC, Azuki, Doodles, and CloneX.
NFTFN has achieved incredible success in the first round of presales and is currently in the second stage of presales. Investors are currently lining up to purchase NFTFN tokens, priced at only $0.03. In addition to the carefully planned tokenomics and strategic partnerships with industry leaders, NFTFN is poised to benefit from the explosive growth of the NFT market, expected to reach $230 billion by 2030.
As of writing, the NFT price is $0.0000005284.
3. VET:
VeChain (VET) is a leading Layer 1 smart contract platform catering to the dynamic supply chain management sector. VeChain's decentralized platform harnesses the power of the Internet of Things (IoT), blockchain technology, and NFT chips to provide enterprise-focused real-world applications for global top brands like Walmart China and BMW.
With the growing demand for transparency and data integrity in supply chain logistics and the entire supply chain industry expected to reach $45 billion by 2027, VeChain's native token VET has the potential for significant growth.
As of writing, the VET price is $0.04691, with a market capitalization exceeding $3.2 billion.
4. SHIB:
Shiba Inu (SHIB) is a lighthearted meme coin that has successfully transitioned into a leading altcoin, with practical applications beyond its meme hype. Since its launch in 2020, the Ethereum-based SHIB has become a global phenomenon.
SHIB has garnered support from a dedicated community, which has played a crucial role in driving the popularity and value of memecoins. Today, SHIB is accepted as a payment method by hundreds of stores worldwide, including a restaurant in Paris. |
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Post time 18-4-2024 20:43:04